Limited Brands Reports February 2009 Sales
05 March 2009 - 11:00PM
PR Newswire (US)
COLUMBUS, Ohio, March 5 /PRNewswire-FirstCall/ -- Limited Brands,
Inc. (NYSE:LTD) reported a comparable store sales decrease of 7
percent for the four weeks ended Feb. 28, 2009, compared to the
four weeks ended March 1, 2008. The company reported net sales of
$547.8 million for the four weeks ended Feb. 28, 2009, compared to
net sales of $614.4 million last year. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO ) To hear
further commentary provided on Limited Brands' prerecorded February
sales message, call 1-866-639-7583 (1-866-NEWS-LTD), or log onto
http://www.limitedbrands.com/ for an audio replay. ABOUT LIMITED
BRANDS: Limited Brands, through Victoria's Secret, Pink, Bath &
Body Works, C.O. Bigelow, La Senza, White Barn Candle Co. and Henri
Bendel, presently operates 3,015 specialty stores. The company's
products are also available online at
http://www.victoriassecret.com/, http://www.bathandbodyworks.com/,
http://www.henribendel.com/ and http://www.lasenza.com/. Safe
Harbor Statement Under the Private Securities Litigation Reform Act
of 1995 We caution that any forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of
1995) contained in this press release or the February sales call
involve risks and uncertainties and are subject to change based on
various important factors, many of which are beyond our control.
Accordingly, our future performance and financial results may
differ materially from those expressed or implied in any such
forward-looking statements. Words such as "estimate," "project,"
"plan," "believe," "expect," "anticipate," "intend," "planned,"
"potential" and similar expressions may identify forward-looking
statements. Risks associated with the following factors, among
others, in some cases have affected and in the future could affect
our financial performance and actual results and could cause actual
results to differ materially from those expressed or implied in any
forward-looking statements included in this press release or the
February sales call: -- general economic conditions, consumer
confidence and consumer spending patterns, including risks related
to: -- the continued deterioration in the U.S. economic
environment, including recessionary pressures; -- the significant
decline in consumer confidence and the negative impact on consumer
discretionary spending; -- the disruption and significant
tightening in the U.S. credit and lending markets; -- the
dependence on a high volume of mall traffic and the possible lack
of availability of suitable store locations on appropriate terms;
-- the seasonality of our business; -- our ability to grow through
new store openings and existing store remodels and expansions; --
our ability to expand into international markets; -- independent
licensees; -- our direct channel business including risks
associated with our new distribution center; -- our failure to
protect our reputation and our brand images; -- our failure to
protect our trade names and trademarks; -- market disruptions
including severe weather conditions, natural disasters, health
hazards, terrorist activities or the prospect of these events; --
stock price volatility; -- our failure to maintain our credit
rating; -- our ability to service our debt; -- the highly
competitive nature of the retail industry generally and the
segments in which we operate particularly; -- consumer acceptance
of our products and our ability to keep up with fashion trends,
develop new merchandise, launch new product lines successfully,
offer products at the appropriate price points and enhance our
brand image; -- our ability to retain key personnel; -- our ability
to attract, develop and retain qualified employees and manage labor
costs; -- our reliance on foreign sources of production, including
risks related to: -- political instability, -- duties, taxes, other
charges on imports, -- legal and regulatory matters, -- currency
and exchange rates, -- local business practices and political
issues, -- potential delays or disruptions in shipping and related
pricing impacts and -- the disruption of imports by labor disputes;
-- the possible inability of our manufacturers to deliver products
in a timely manner or meet quality standards; -- rising energy
costs; -- increases in the costs of mailing, paper and printing; --
our ability to implement and sustain information technology
systems; and -- our failure to comply with regulatory requirements.
We are not under any obligation and do not intend to make publicly
available any update or other revisions to any of the
forward-looking statements contained in this press release or the
February sales call to reflect circumstances existing after the
date of this press release or to reflect the occurrence of future
events even if experience or future events make it clear that any
expected results expressed or implied by those forward-looking
statements will not be realized. Additional information regarding
these and other factors can be found in "Item 1A. Risk Factors" in
our 2007 Annual Report on Form 10-K and in our third quarter 2008
Quarterly Report on Form 10-Q. LIMITED BRANDS FEBRUARY 2009
Comparable Store Sales Increase (Decrease): February February 2009
2008 Victoria's Secret Stores (9%) (10%) La Senza (12%) 1% Bath
& Body Works (3%) (10%) Limited Brands (7%) (9%) Total Stores:
Stores Stores Operating Year-to-date Operating at 1/31/09 Opened
Closed at 2/28/09 Victoria's Secret Stores 1,043 3 (2) 1,044 La
Senza 322 - - 322 Bath & Body Works 1,638 1 (1) 1,638 Henri
Bendel 5 - - 5 Bath & Body Works Canada 6 - - 6 Total Limited
Brands 3,014 4 (3) 3,015
http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO
http://photoarchive.ap.org/ DATASOURCE: Limited Brands, Inc.
CONTACT: Amie Preston, Investor Relations for Limited Brands, Inc.,
+1-614-415-6704, , or Tammy Roberts Myers, Media Relations for
Limited Brands, Inc., +1-614-415-7072, Web Site:
http://www.limitedbrands.com/ Company News On-Call:
http://www.prnewswire.com/comp/151960.html
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