Limited Brands Reports March 2009 Sales
09 April 2009 - 9:00PM
PR Newswire (US)
COLUMBUS, Ohio, April 9 /PRNewswire-FirstCall/ -- Limited Brands,
Inc. (NYSE:LTD) reported a comparable store sales decrease of 9
percent for the five weeks ended April 4, 2009, compared to the
five weeks ended April 5, 2008. The company reported net sales of
$646.2 million for the five weeks ended April 4, 2009, compared to
net sales of $733.2 million last year. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO ) The
company reported a comparable store sales decrease of 8 percent for
the nine weeks ended April 4, 2009, compared to the nine weeks
ended April 5, 2008. The company reported net sales of $1.194
billion for the nine weeks ended April 4, 2009, compared to sales
of $1.348 billion last year. To hear further commentary provided on
Limited Brands' prerecorded March 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 3,011 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 March 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
March sales call: -- general economic conditions, consumer
confidence and consumer spending patterns; -- the global economic
crisis and its impact on our suppliers, customers and other
counterparties; -- the impact of the global economic crisis on our
liquidity and capital resources; -- 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 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; - volatility in
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; --
fluctuations in energy costs; -- increases in the costs of mailing,
paper and printing; -- self-insured risks; -- our ability to
implement and sustain information technology systems; -- our
failure to comply with regulatory requirements; and -- legal
matters. 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
March 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 2008
Annual Report on Form 10-K. LIMITED BRANDS MARCH 2009 Comparable
Store Sales Increase (Decrease): Year Year March March To Date To
Date 2009 2008 2009 2008 Victoria's Secret Stores (10%) (6%) (10%)
(8%) La Senza (12%) (4%) (12%) (2%) Bath & Body Works (6%)
(13%) (4%) (12%) Limited Brands (9%) (8%) (8%) (9%) Total Stores:
Stores Stores Operating Year-to-date Operating at Opened Closed at
4/4/09 1/31/09 Victoria's Secret Stores 1,043 3 (5) 1,041 La Senza
322 - - 322 Bath & Body Works 1,638 4 (5) 1,637 Henri Bendel 5
- - 5 Bath & Body Works Canada 6 - - 6 Total Limited Brands
3,014 7 (10) 3,011
http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGODATASOURCE:
Limited Brands, Inc. CONTACT: Investor Relations: Amie Preston,
+1-614-415-6704, , or Media Relations: Tammy Roberts Myers,
+1-614-415-7072, , both of Limited Brands Web Site:
http://www.limitedbrands.com/
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