This higher operating margin channel has sustained strong double digit growth for years at BBW and recently turned meaningfully positive at VS, having now lapped the exit of swimwear and apparel. Further, management discussed meaningful investments in the VS “core technology platform” on the 4Q17 earnings call, and while details were sparse, we are encouraged to see capital being allocated to this higher return channel; 2) Continued mid single digit growth at BBW. White barn remodels and other initiatives have heretofore contributed nicely to comps (25% increase in same store sales from these investments have been noted in the past); 3) China.
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