Content about Limited Brands

June 6, 2013

Limited Brands reported net sales of $737 million for May 2013, an increase of nearly 10% from $672 million for the same period last year. The company reported a comparable store sales increase of 3% for May from the same period last year.

COLUMBUS, Ohio — Limited Brands reported net sales of $737 million for May 2013, an increase of nearly 10% from $672 million for the same period last year. The company reported a comparable store sales increase of 3% for May from the same period last year. 

For the 17-week period ended June 1, the company reported net sales of $3 billion, an increase of 6% from $2.8 billion for the same period last year. Meanwhile, comparable store sales increased 3% for the 17-week period, versus the same period last year. 

June 6, 2013

Limited Brands reported net sales of $737 million for May 2013, an increase of nearly 10% from $672 million for the same period last year. The company reported a comparable store sales increase of 3% for May from the same period last year.

COLUMBUS, Ohio — Limited Brands reported net sales of $737 million for May 2013, an increase of nearly 10% from $672 million for the same period last year. The company reported a comparable store sales increase of 3% for May from the same period last year. 

For the 17-week period ended June 1, the company reported net sales of $3 billion, an increase of 6% from $2.8 billion for the same period last year. Meanwhile, comparable store sales increased 3% for the 17-week period, versus the same period last year. 

May 20, 2013

Topco Associates LLC has hired former Limited Brands executive Paul Matthews as the company’s EVP and chief supply chain officer, reporting to president and CEO Randy Skoda.

ELK GROVE VILLAGE, Ill. — Topco Associates LLC has hired former Limited Brands executive Paul Matthews as the company’s EVP and chief supply chain officer, reporting to president and CEO Randy Skoda. 

Topco provides aggregation, innovation and knowledge management solutions for leading food industry member-owners and customers. Matthews will oversee procurement of the company’s corporate brand and perishable products as well as the company’s logistics, supply chain management and quality assurance areas.

February 27, 2013

Limited Brands reported that adjusted earnings per share for the 14-week fourth quarter ended Feb. 2 were $1.76 compared with $1.50 for the 13-week fourth quarter ended Jan. 28, 2012.

COLUMBUS, Ohio — Limited Brands reported that adjusted earnings per share for the 14-week fourth quarter ended Feb. 2  were $1.76 compared with $1.50 for the 13-week fourth quarter ended Jan. 28, 2012.  

Comparable-store sales for the quarter increased 5%. Net sales were $3.86 billion for the quarter compared with $3.5 billion for the same period last year.  

February 7, 2013

Limited Brands reported that comparable-store sales for the fourth quarter were up 5% and that net sales for the same period were $3.86 billion compared with $3.5 billion for the same period last year.

COLUMBUS, Ohio — Limited Brands reported that comparable-store sales for the fourth quarter were up 5% and that net sales for the same period were $3.86 billion compared with $3.5 billion for the same period last year.

For the month of February, the company posted sales of $986.4 million compared with $774.5 million for the same period last year. Same-store sales for the month rose 9%. 

October 4, 2012

Apparel retailers and department stores reported monthly revenue results for September that were mixed, as Gap Inc. and Limited Brands posted gains that beat Wall Street estimates, while Macy's and Kohl’s missed expectations.

NEW YORK — Apparel retailers and department stores reported monthly revenue results for September that were mixed, as Gap Inc. and Limited Brands posted gains that beat Wall Street estimates, while Macy's and Kohl’s missed expectations.

However, many analysts said spending was fairly strong for the month.

September 21, 2012

Limited Brands has announced the appointments of Michael Morris and Dr. Gordon Gee to its board of directors.

COLUMBUS, Ohio — Limited Brands has announced the appointments of Michael Morris and Dr. Gordon Gee to its board of directors.

September 21, 2012

Limited Brands has announced the appointments of Michael Morris and Dr. Gordon Gee to its board of directors.

COLUMBUS, Ohio — Limited Brands has announced the appointments of Michael Morris and Dr. Gordon Gee to its board of directors.

August 30, 2012

Macy's, Limited Brands and Gap Inc. all posted August same-store sales that topped analysts' estimates as retailers across the board generally posted strong sales, boosted by back-to-school shopping and aggressive promotions.

NEW YORK — Macy's, Limited Brands and Gap Inc. all posted August same-store sales that topped analysts' estimates as retailers across the board generally posted strong sales, boosted by back-to-school shopping and aggressive promotions. The strong showing comes shortly after the news that consumer confidence for August slumped to its lowest level of the year.

August 16, 2012

Limited Brands reportted that adjusted earnings per share for the second quarter were 50 cents compared with 48 cents for the same period last year.

COLUMBUS, Ohio — Limited Brands reported that adjusted earnings per share for the second quarter were 50 cents compared with 48 cents for the same period last year. Adjusted net income was $147.2 million compared with $150.7 million last year. 

Comparable-store sales for the second quarter increased 8%, and net sales were $2.4 billion compared with $2.46 billion last year. 

August 2, 2012

Many retailers reported better-than-expected results in July as warm weather and clearance sales drew shoppers into stores.

NEW YORK — Many retailers reported better-than-expected results in July as warm weather and clearance sales drew shoppers into stores. Thomson Reuters reported that three-quarters of retailers reported results beat expectations. Costco Wholesale Corp., Target Corp., Limited Brands and Gap Inc. all reported gains above expectations.

May 3, 2012

NEW YORK — Several apparel retailers, including Limited Brands, Zumiez and Ross Stores, posted better-than-expected sales in April. It was widely expected that an earlier Easter, which pushed demand into March, and cool weather would hurt sales.

Limited Brands, parent of Victoria’s Secret, reported a 7% rise in same-store sales for April, beating estimates.

May 3, 2012

NEW YORK — Several apparel retailers, including Limited Brands, Zumiez and Ross Stores, posted better-than-expected sales in April. It was widely expected that an earlier Easter, which pushed demand into March, and cool weather would hurt sales.

Limited Brands, parent of Victoria’s Secret, reported a 7% rise in same-store sales for April, beating estimates.

May 3, 2012

Limited Brands has named Charlie McGuigan, CEO of Mast Global, the company's sourcing and production arm, as COO of Limited Brands.

COLUMBUS, Ohio — Limited Brands has named Charlie McGuigan, CEO of Mast Global, the company's sourcing and production arm, as COO of Limited Brands. In addition to retaining his current responsibilities, he will assume leadership of enterprise operations.

Martyn Redgrave, Limited Brands chief administrative officer, will transition to the role of senior advisor for the company later this summer.

May 3, 2012

Limited Brands has named Charlie McGuigan, CEO of Mast Global, the company's sourcing and production arm, as COO of Limited Brands.

COLUMBUS, Ohio — Limited Brands has named Charlie McGuigan, CEO of Mast Global, the company's sourcing and production arm, as COO of Limited Brands. In addition to retaining his current responsibilities, he will assume leadership of enterprise operations.

Martyn Redgrave, Limited Brands chief administrative officer, will transition to the role of senior advisor for the company later this summer.

April 25, 2012

More than a year after The Children's Place Retail Stores began its search for a new chief financial officer, following the departure of EVP finance and adminstration, Susan Riley, the company has named Steven Baginski as CFO. He will report to Eric Bauer, COO. 

SECAUCUS, N.J. — More than a year after The Children's Place Retail Stores began its search for a new chief financial officer, following the departure of EVP finance and adminstration, Susan Riley, the company has named Steven Baginski as CFO. He will report to Eric Bauer, COO. 

February 23, 2012

Profits fell at Limited Brands, thanks to a large restructuring charge. The company reported Wednesday that fourth quarter profit dropped 21% to $359.4 million, from $452.3 million in the year-ago period.

COLUMBUS, OHIO — Profits fell at Limited Brands, thanks to a large restructuring charge. The company reported Wednesday that fourth quarter profit dropped 21% to $359.4 million, from $452.3 million in the year-ago period.

The parent to Victoria’s Secret, Bath & Body Works and Henri Bendel was negatively impacted by a large restructuring charge for an asset write-down and closures of some of its La Senza lingerie stores. Last quarter’s profit decrease breaks a streak of four consecutive quarters of year-over-year profit increases.

November 17, 2011

Limited Brands reported that adjusted earnings per share for the third quarter ended Oct. 29 increased 39% to 25 cents compared with earnings per share of 18 cents for the quarter ended Oct. 30, 2010, which exclude an income tax benefit in 2011 of $16.7 million, or 6 cents per share.

COLUMBUS, Ohio — Limited Brands reported that adjusted earnings per share for the third quarter ended Oct. 29 increased 39% to 25 cents compared with earnings per share of 18 cents for the quarter ended Oct. 30, 2010, which exclude an income tax benefit in 2011 of $16.7 million, or 6 cents per share. Third quarter operating income was $186.1 million compared with operating income of $149.1 million last year, and adjusted net income was $77.6 million compared to net income of $61.3 million last year.

October 14, 2011

Victoria's Secret Direct said Thursday that former Giorgio Armani Corp. CEO Bridget Ryan-Berman has been named CEO of the Internet and catalogue division of Victoria's Secret and a subsidiary of Limited Brands.

COLUMBUS, Ohio — Victoria's Secret Direct said Thursday that former Giorgio Armani Corp. CEO Bridget Ryan-Berman has been named CEO of the Internet and catalogue division of Victoria's Secret and a subsidiary of Limited Brands.

Ryan-Berman replaces Pia Ferrario, who will remain as CEO through the holiday season and then transition into an advisory role with the company.

Ferrario joined Limited Brands in 1989 and was named CEO of Victoria's Secret Direct in 2007.

Prior to her career at Armani, Ryan-Berman was COO of Apple's retail division.

October 14, 2011

Victoria's Secret Direct said Thursday that former Giorgio Armani Corp. CEO Bridget Ryan-Berman has been named CEO of the Internet and catalogue division of Victoria's Secret and a subsidiary of Limited Brands.

COLUMBUS, Ohio — Victoria's Secret Direct said Thursday that former Giorgio Armani Corp. CEO Bridget Ryan-Berman has been named CEO of the Internet and catalogue division of Victoria's Secret and a subsidiary of Limited Brands.

Ryan-Berman replaces Pia Ferrario, who will remain as CEO through the holiday season and then transition into an advisory role with the company.

Ferrario joined Limited Brands in 1989 and was named CEO of Victoria's Secret Direct in 2007.

Prior to her career at Armani, Ryan-Berman was COO of Apple's retail division.

August 18, 2011

Limited Brands reported Wednesday that net income for the second quarter rose a better-than-expected 29% to $231.2 million, compared with $178.7 million in the year-ago period.

COLUMBUS, Ohio — Limited Brands reported Wednesday that net income for the second quarter rose a better-than-expected 29% to $231.2 million, compared with $178.7 million in the year-ago period. 

It cited strong full-price sales at Victoria’s Secret and Bath and Body Works for the strong showing.

Revenue rose 10% to $2.46 billion, matching Wall Street expectations. Same-store sales rose 9%.

August 18, 2011

Limited Brands reported Wednesday that net income for the second quarter rose a better-than-expected 29% to $231.2 million, compared with $178.7 million in the year-ago period.

COLUMBUS, Ohio — Limited Brands reported Wednesday that net income for the second quarter rose a better-than-expected 29% to $231.2 million, compared with $178.7 million in the year-ago period. 

It cited strong full-price sales at Victoria’s Secret and Bath and Body Works for the strong showing.

Revenue rose 10% to $2.46 billion, matching Wall Street expectations. Same-store sales rose 9%.

August 4, 2011

NEW YORK — The nation’s specialty apparel retailers reported mixed results in July, as Hot Topic and Limited Brands turned in strong performances, while Gap and Aeropostale stumbled.

 Hot Topic said its same-store sales rose 7.3% in July. far exceeding the 0.5% rise in analysts’ forecast. Hot Topic said the measure rose 6.2% at its namesake stores and rose 11.8% at its plus-sized Torrid division. The teen retailer also raised its second-quarter outlook.

August 4, 2011

NEW YORK — The nation’s specialty apparel retailers reported mixed results in July, as Hot Topic and Limited Brands turned in strong performances, while Gap and Aeropostale stumbled.

 Hot Topic said its same-store sales rose 7.3% in July. far exceeding the 0.5% rise in analysts’ forecast. Hot Topic said the measure rose 6.2% at its namesake stores and rose 11.8% at its plus-sized Torrid division. The teen retailer also raised its second-quarter outlook.

July 27, 2011

Sears Canada, a subsidiary of Sears Holdings Corp., said Monday it has hired former Limited Brands online EVP Steven Goldsmith as its EVP merchandising, apparel and accessories.

TORONTO  — Sears Canada, a subsidiary of Sears Holdings Corp., said Monday it has hired former Limited Brands online EVP Steven Goldsmith as its EVP merchandising, apparel and accessories.

The move comes after the resignation of Sears Canada CEO Dene Rogers and subsequent replacement by former Loblaw Cos. executive Calvin McDonald.