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News and Information Article
COLUMBUS, Ohio, June 1 // -- Limited Brands (NYSE: LTD) today
reported a comparable store sales increase of 7% for the four weeks ended
May 27, 2006 compared to the four weeks ended May 28, 2005. Net sales
increased 7% to $719.4 million compared to net sales of $672.9 million last
year.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO)
The Company reported a comparable store sales increase of 5% for the
seventeen weeks ended May 27, 2006. Net sales increased 6% to $2.796
billion compared to net sales of $2.648 billion last year.
To hear further commentary provided on Limited Brands prerecorded May
sales message, call 1-800-337-6551, followed by the passcode LTD (583), or
log onto http://www.Limitedbrands.com for an audio replay.
ABOUT LIMITED BRANDS:
Limited Brands, through Victorias Secret, Bath & Body Works, C.O.
Bigelow, Express, Limited Stores, White Barn Candle Co. and Henri Bendel,
presently operates 3,556 specialty stores. Victorias Secret products are
also available through the catalogue and http://www.VictoriasSecret.com.
Bath & Body Works products are also available through the catalogue and
http://www.BathandBodyWorks.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995: The Company cautions 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 May sales call or made by the
Company or management of the Company involve risks and uncertainties and
are subject to change based on various important factors, many of which are
beyond our control. Accordingly, the Companys 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. The
following factors, among others, in some cases have affected and in the
future could affect the Companys 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 May sales call or otherwise made by the Company or management: risks
associated with general economic conditions, consumer confidence and
consumer spending patterns; the potential impact of national and
international security concerns on the retail environment, including any
possible military action, terrorist attacks or other hostilities; risks
associated with the seasonality of the Companys business; risks associated
with severe weather and changes in weather patterns; risks associated with
the highly competitive nature of the retail industry generally and the
segments in which we operate particularly; risks related to consumer
acceptance of the Companys products and the Companys ability to keep up
with fashion trends, develop new merchandise, launch new product lines
successfully, offer products at the appropriate price points and enhance
the Companys brand image; risks associated with the Companys ability to
retain, hire and train key personnel and management; risks associated with
the possible inability of the Companys manufacturers to deliver products
in a timely manner or meet quality standards; risks associated with the
Companys reliance on foreign sources of production, including risks
related to the disruption of imports by labor disputes, risks related to
political instability, risks associated with legal and regulatory matters,
risks related to duties, taxes, other charges and quotas on imports, risks
related to local business practices, potential delays or disruptions in
shipping and related pricing impacts and political issues and risks related
to currency and exchange rates; risks associated with the dependence on a
high volume of mall traffic and the possible lack of availability of
suitable store locations on appropriate terms; risks associated with
increases in the costs of mailing, paper and printing; risks associated
with our ability to service any debt we incur from time to time as well as
the requirements the agreements related to such debt impose upon us; risks
associated with the Companys reliance on information technology, including
risks related to the implementation of new information technology systems
and risks related to utilizing third parties to provide information
technology services; risks associated with natural disasters and risks
associated with rising energy costs. The Company is not under any
obligation and does 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 May sales call to reflect circumstances existing after
the date of this report 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.
LIMITED BRANDS
MAY 2006
May 2006 May 2005 Year-to- Year-to-
Date Date
2006 2005
Victorias Secret Stores 16% 0% 10% 0%
Bath & Body Works 12% 5% 7% 5%
Express (12%) (9%) 0% (18%)
Limited Stores (1%) 5% (6%) (4%)
Total Apparel (9%) (5%) (2%) (15%)
Limited Brands 7% (1%) 5% (4%)
Total Stores:
Stores Express Stores
Operating Year-to-date Integration Operating
at 1/28/06 Opened Closed (see note) at 5/27/06
Victorias Secret
Stores 998 4 (7) - 995
Bath & Body Works 1,555 4 (5) - 1,554
Express Women 327 - (8) (36) 283
Express Mens 113 - (17) (2) 94
Express Dual Gender 303 - - 38 341
Total Express 743 - (25) - 718
Limited Stores 292 - (5) - 287
Total Apparel 1,035 - (30) - 1,005
Henri Bendel 2 - - - 2
Total Limited Brands 3,590 8 (42) - 3,556
Note: "Express Integration" represents conversion of Express Women and/or
Express Men stores to Express dual gender stores.
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