Business

The owner of Victoria's Secret is closing down Henri Bendel - but that solves just a small piece of a much bigger problem

10 monthes ago   |   By Business Insider

L Brands , the owner of Victoria's Secret, announced it will close Henri Bendel in January 2019.
The closure is a small piece of a much bigger problem at L Brands, Jefferies says.
L Brands should take further actions, such as cutting its dividend, closing more stores, and reducing capital expense, the analysts said.
L Brands shares are up more than 4% on the news.
Watch L Brands trade in real-time here.
L Brands , the owner of Victoria's Secret, announced Friday it is shutting down Henri Bendel in January to "increase shareholder value." The company estimates that Henri Bendel will have...
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Henri Bendel to close in January

Henri Bendel to close in January

10 monthes ago   |   By Reuters

L Brands will close all 23 Henri Bendel stores and its website in January so it can focus on growing its bigger brands. Fred Katayama reports.
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Kellyanne Conway asked a reporter 'what's your ethnicity' in response to a...

Kellyanne Conway asked a reporter 'what's your ethnicity' in response to a question on Trump's racist tweets

White House counselor Kellyanne Conway on Tuesday asked a reporter what his "ethnicity" is when questioned about President Donald Trump's recent racist tweets. The reporter... Read more ...

The best Prime Day 2019 gaming deals: Xbox One, PlayStation 4, gaming...

The best Prime Day 2019 gaming deals: Xbox One, PlayStation 4, gaming headsets and more

Amazon Prime Day 2019 is full of awesome deals on gaming devices, from consoles to laptops and accessories. The deals won't last much longer, so it's worth acting quick if... Read more ...

These Audio-Technica headphones are $99 during Prime Day and have over 4,200...

These Audio-Technica headphones are $99 during Prime Day and have over 4,200 5-star Amazon reviews

During Amazon Prime Day this year , Prime members can get $70 off the Audio-Technica ATH-M50xBB Headphones - they're now just $99. Both pro audiophiles, top audio engineers... Read more ...

Lyft's Citi Bikes are expanding to the Bronx and other New York City areas...

Lyft's Citi Bikes are expanding to the Bronx and other New York City areas after being criticized for only serving rich neighborhoods

Citi Bike 's third wave of expansion was announced Tuesday, with new stations planned for the Bronx, Queens, Brooklyn and Manhattan. The Lyft -owned bike-share system says it... Read more ...

An 82-year-old Democrat asked to be part of 'The Squad' that Trump is...

An 82-year-old Democrat asked to be part of 'The Squad' that Trump is railing against - and Alexandria Ocasio-Cortez welcomed him

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Jeffrey Epstein, the wealthy financier charged with sex trafficking...

Jeffrey Epstein, the wealthy financier charged with sex trafficking, reportedly bragged he was the one who introduced Donald and Melania Trump

While President Donald Trump has dismissed his friendship with convicted sex offender Jeffrey Epstein, The New York Times reported that Epstein has claimed he introduced Trump... Read more ...

Blue Apron skyrockets after saying it will add super-popular Beyond Meat to...

Blue Apron skyrockets after saying it will add super-popular Beyond Meat to its menus this summer

Blue Apron announced Tuesday that it would offer Beyond Meat products in recipes beginning in August. Shares rocketed more than 50% on the news, following months of declines... Read more ...

All the TV shows and stars that are nominated for 2019 Emmys

All the TV shows and stars that are nominated for 2019 Emmys

The nominees for the 2019 Emmys were just revealed. HBO's "Game of Thrones," Amazon's "The Marvelous Mrs. Maisel," FX's "Fosse/Verdon" racked up several nominations. The 71st... Read more ...

HBO took back the Emmy nomination throne from Netflix with the help of 'Game...

HBO took back the Emmy nomination throne from Netflix with the help of 'Game of Thrones' and 'Chernobyl'

After being dethroned by Netflix in 2018, HBO is leading the Emmys this year with 137 nominations, compared to 117 for Netflix. A record number of nominations for "Game of... Read more ...

Fiat Chrysler slumps after Goldman Sachs says to sell the stock

Fiat Chrysler slumps after Goldman Sachs says to sell the stock

Fiat Chrysler sank as much as 5.1% Tuesday after Goldman Sachs gave it a "sell" rating, erasing a month of gains as markets hit record highs. The investment bank set its price... Read more ...