Limited Brands CEO: Potential To Increase Sales Fourfold
21 October 2010 - 4:16AM
Dow Jones News
Limited Brands Inc. (LTD), the parent of Victoria's Secret and
Bath & Body Works, could double its approximately $9 billion in
U.S. sales over the next five years, Chief Executive Leslie Wexner
said at a meeting with analysts and investors in New York on
Wednesday.
The Columbus, Ohio, company, which only in recent years started
to experiment with international expansion, also has the potential
to reap another $20 billion in sales outside of North America,
Wexner said.
Limited Brands shares rose 1.6% to $29.09 in midday trading.
They've risen by more than 50% this year.
-By Andria Cheng, 415-439-6400; AskNewswires@dowjones.com
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