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How Will L Brands (LB) Stock React to Victoria’s Secret Restructuring?

NEW YORK (TheStreet) -- Earlier this morning L Brands (LB - Get Report) announced its March 2016 sales results, the restructuring of its Victoria's Secret brand and the elimination of 200 jobs.

The company's reported net sales grew by 5% to $1.03 billion in March, when compared to the same month in 2015. Comparable sales for the five week period ended April 2, 2016 climbed by 3% year over year, but was negatively impacted by the early Easter holiday by one to two points.

LB Brands is a Columbus OH-based specialty retailer offering women's intimate apparel and beauty and personal care products, under the Victoria's Secret and Bath & Body Works brands.

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