L Brands, Inc. reported net sales of $780.1 million for the four weeks ended Feb. 2, 2019, compared to net sales of $1.040 billion for the five weeks ended Feb. 3, 2018. Comparable sales decreased 1 percent for the four weeks ended Feb. 2, 2019, compared to the four weeks ended Feb. 3, 2018. Net sales were $4.852 billion for the 13-week fourth quarter ended Feb. 2, 2019, compared to $4.823 billion for the 14 weeks ended Feb. 3, 2018. Comparable sales for the 13-week fourth quarter ended Feb. 2, 2019, increased 3 percent compared to the 13 weeks ended Feb. 3, 2018. Click read more below for additional detail.
In an effort to generate traffic and increase sales at its physical stores, Barnes & Noble has announced a secret weapon against Amazon.com this Black Friday.
Barnes & Noble recruited 100 prominent authors — including Donna Tartt, David Mitchell, Dan Brown, E. L. James, Jeff Kinney, George W. Bush and Hillary Clinton — to each sign roughly 5,000 copies of their latest books. The company will distribute and sell the 500,000 signed books among its retail stores only. The signed books will not be available on the company’s website.
“Customers get inundated with discounts and offers from every other retailer,” said Mary Amicucci, vice president for adult trade and children’s books at Barnes & Noble. “The goal was to find an exciting reason for people to come to Barnes & Noble early in the morning and get something that they can’t get on any other day of the year.”
Customers who shop in-store on Black Friday will be greeted with a front-of-store display featuring all of the signed editions when they walk through the doors. Supplies are limited.