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.
February bookstore sale fell 22.3% compared to 2020, according to preliminary estimates released by the U.S. Census Bureau. The decline is higher than the 16.7% drop bookstore sales experienced in January compared to the first month of 2020. Bad weather and more store lockdowns as Covid-19 cases spread are likely reasons for the higher decline in sales.
In the month, sales were $446 million, down from $573 million in February 2020. For the first two months of 2021, bookstore sales were $1.24 billion, down 18.7% from the comparable period last year. For the entire retail sector, February sales rose 2.9% and sales were up 5.3% for the first two months of 2021 over 2020.
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