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Limited Brands Adopts Temporary Name Change

In Industry News, What's New by Jeff Prine

Columbus, OH—Springtime is known as time to renew and refresh so maybe that explains recent corporate name changes. Last Friday, PPR, the Paris-based luxury and sports brands conglomerate, confirmed it would be changing names to “Kering.” And today, Limited Brands, parent to Victoria’s Secret and Henri Bendel, announced it would …

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Limited Brands Q4 Profit, Sales Show Improvement

In Industry News, Reports, What's New by Accessories Staff

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

In Industry News, What's New by Accessories Staff

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

In Industry News, Reports, What's New by Accessories Staff

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 …

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August Comp Sales Better than Expected

In Reports, What's New by Accessories Staff

New York–Nearly all U.S. retailers posted better-than-expected sales gains in August at comparable store sales as parents and students ratcheted up their back-to-school purchases, setting the stage for a strong third quarter. August comparable store sales rose 3.6% at retailers tracked by Thomson Reuters I/B/E/S, trumping forecasts for a 2% …