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Segment Information
 3 Months Ended
May 02, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company has three reportable segments: Victoria’s Secret, Bath & Body Works and Victoria's Secret and Bath & Body Works International.
The Victoria’s Secret segment sells women’s intimate and other apparel, personal care and beauty products under the Victoria’s Secret and PINK brand names. Victoria’s Secret merchandise is sold through retail stores located in the U.S. and Canada and its website, www.VictoriasSecret.com.
The Bath & Body Works segment sells personal care, soaps, sanitizers and home fragrance products under the Bath & Body Works, White Barn Candle Company, C.O. Bigelow and other brand names. Bath & Body Works merchandise is sold at retail stores located in the U.S. and Canada and through its website, www.BathandBodyWorks.com.
The Victoria's Secret and Bath & Body Works International segment includes the Victoria's Secret and Bath & Body Works company-owned and partner-operated stores located outside of the U.S. and Canada. These businesses include the following:
•
Victoria's Secret Beauty and Accessories stores operated by partners under franchise, license and wholesale arrangements, which feature Victoria's Secret branded beauty and accessories products;
•
Victoria's Secret International stores, comprised of company-owned stores in the U.K., as well as stores operated by partners under franchise, license and wholesale arrangements; and
•
Bath & Body Works International stores operated by partners under franchise, license and wholesale arrangements.
Other consists of the following:
•
Mast Global, a merchandise sourcing and production function serving the Company and its international partners;
•
La Senza, comprised of company-owned stores in Canada, as well as stores operated by partners under franchise, license and wholesale arrangements, which feature women's intimate apparel;
•
Henri Bendel, operator of 29 specialty stores, which feature handbags, jewelry and other accessory products; and
•
Corporate functions including non-core real estate, equity investments and other governance functions such as treasury and tax.
The following table provides the Company’s segment information for the first quarter 2015 and 2014:
 
Victoria’s
Secret
 
Bath &
Body Works
 
Victoria’s Secret
and
Bath & Body Works International
 
Other
 
Total
 
(in millions)
2015
 
 
 
 
 
 
 
 
 
First Quarter:
 
 
 
 
 
 
 
 
 
Net Sales
$
1,684

 
$
613

 
$
92

 
$
123

 
$
2,512

Operating Income (Loss)
289

 
97

 
21

 
(35
)
 
372

2014
 
 
 
 
 
 
 
 
 
First Quarter:
 
 
 
 
 
 
 
 
 
Net Sales
$
1,604

 
$
582

 
$
71

 
$
134

 
$
2,391

Operating Income (Loss)
278

 
80

 
15

 
(37
)
 
336


The Company's international sales include sales from company-owned stores, royalty revenue from franchise and license arrangements, wholesale revenues and direct sales shipped internationally. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company’s international sales across all segments totaled $293 million and $295 million for the first quarter of 2015 and 2014, respectively.