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Limited Brands Q4 Profit, Sales Show Improvement

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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 …

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Limited Brands, Benetton Agree to Greenpeace’s Environmental Safety Measures

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Washington—Limited Brands, parent to Victoria’s Secret, and the Benetton Group are the latest major fashion retailers and manufacturers to sign onto Greenpeace International’s Detox campaign that seeks to eliminate the use of hazardous chemicals from fashion products. According to a 2012 study by Greenpeace, a leading independent organization that exposes …

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October Retail Comps Up; Sandy Effects Yet to be Felt

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New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and even holiday totals—could be adversely affected by the Superstorm Sandy. Of the 17 retailers (excluding drugstores) tracked by Thomson Reuters that posted October results today, overall comparable store sales rose 4.7% better than …