Yesterday, with a bipartisan voice vote, the House Oversight and Government Reform Committee approved H.R. 756, the Postal Service Reform Act of 2017, as amended. Upon approval, the bill’s original cosponsors, including Chairman Jason Chaffetz (R-UT), Ranking Member Elijah E. Cummings (D-MD), Reps. Mark Meadows (R-NC), Dennis Ross (R-FL), Gerry Connolly (D-VA), and Stephen F. Lynch (D-MA), released the following statement: “The Postal Service is in dire need of real reforms, and this bill puts it on the course toward financial stability. These desperately needed policy changes prevent a taxpayer bailout of the Postal Service and will save billions of dollars over the next decade. We are pleased to see this bill pass through committee and urge the House to follow suit as soon as possible.” click Read More below for additional detail
L Brands, Inc. (NYSE: LB) reported net sales of $1.596 billion for the four weeks ended Dec. 1, 2018, compared to net sales of $1.267 billion for the four weeks ended Nov. 25, 2017. Comparable sales increased 9 percent for the four weeks ended Dec. 1, 2018 compared to the four weeks ended Dec. 2, 2017.
The company reported net sales of $9.980 billion for the 43 weeks ended Dec. 1, 2018, compared to net sales of $9.077 billion for the 43 weeks ended Nov. 25, 2017. Comparable sales increased 4 percent for the 43 weeks ended Dec. 1, 2018, compared to the 43 weeks ended Dec. 2, 2017.