View Post

Limited Brands Q4 Profit, Sales Show Improvement

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Columbus, OH—Limited Brands, owner of Victoria’s Secret and Henri Bendel, reported Wednesday that consumers, who had cut back on their discretionary spending during the recession, are now gradually opening their wallets, helping the retailer’s fourth quarter results to beat forecasts. Nonetheless, the company’s first quarter and fiscal 2013 outlook disappointed …

View Post

Good Tidings: December Comp Sales Better Than Expected

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …

View Post

Despite Increased Q4 Costs, Limited Brands’ Result Beat Forecasts

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Columbus, OH—Despite a fourth quarter profit decline due to restructuring costs at its La Senza lingerie brand, Limited Brands Inc.’s results still beat analysts’ average estimate. For the quarter ended Jan. 28, Limited Brands reported Wednesday that its net income dropped to $359.4 million, or $1.17 a share, from $452.3 …