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Profile – Limited Brands, Inc.

Limited Brands is a specialty retailer of women’s intimate, apparel, beauty, personal care products, and accessories. Brands include Victoria’s Secret, Bath & Body Works, La Senza, Henri Bendel, and White Barn Candle Company. As of Jan 30, 2010 the company operated 2,971 stores in the US & Canada, with 1,044 Victoria’s Secret stores, 1,658 Bath & Body Works stores, 258 La Senza stores, and 11 Henri Bendel stores.

Headquarters Columbus, Ohio
Sector Clothing & Accessories Stores
Primary NAICS Code 448120 – Women’s Clothing Stores
Primary SIC Code 5621 – Women’s Clothing Stores
Fiscal Year 2009 Ends on Jan 30, 2010
2008 Net Sales $ 9.04 Billion
2008 DTC Sales $ 1.6 Billion
2008 Net Income $ 220.0 Million
Store Count* 2,971
Total Selling Sq Ft** 10,898,000
Employees** 90,900

*as of 1/30/10     **as of 1/31/09




Financial Summary
2008 2007 YoY % Chg 3 YR CAGR 5 YR CAGR
Net Sales (1,000’s) $ 9,043,000 $ 10,134,000 -10.8% -2.3% 0.2%
Same-Store Sales Chg -9.0% -2.0%
DTC Sales (1,000’s)* $ 1,619,000 $ 1,476,000 9.7% 9.3% 10.2%
Net Income (1,000’s) $ 220,000 $ 718,000 -69.4% -31.5% -21.0%
Diluted EPS $ 0.65 $ 1.89 -65.4% -26.8% -13.7%
Store Count 3,014 2,926 3.0% -5.7% -5.1%
Selling Sq Ft (1,000s) 10,898 10,310 5.7% -10.8% -7.4%
Employees 90,900 97,500 -6.8% -6.2% -3.9%
Advertising Spend (1,000s) $ 502,000 $ 507,000 -1.0% -1.0% 1.3%

*includes catalog & internet sales; growth rates reflect divested brands including Express, Limited, and New York & Company

Limited Brands - Compound Annual Growth Rates



Fiscal Year Net Sales by Segment (as % of Total)
2008 2007 2006
VS Stores 39.7% 36.7% 34.7%
VS Direct 16.8% 13.8% 13.3%
Bath & Body Works 26.3% 24.6% 24.0%
La Senza 5.4% 4.8% 0.2%
Other 11.8% 20.1% 27.9%

Limited Brands - 2008 Net Sales by Segment


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