Limited Brands (ticker: LTD, exchange: New York Stock Exchange (.N))
News Release -
6-Apr-2006
Limited Brands Reports March 2006 Sales COLUMBUS, Ohio, April 6 /PRNewswire-FirstCall/ -- Limited Brands
(NYSE: LTD) today reported a comparable store sales increase of 2% for the
five weeks ended April 1, 2006 compared to the five weeks ended April 2, 2005.
Net sales increased 3% to $788.2 million compared to net sales of
$766.1 million last year.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO)
The Company reported a comparable store sales increase of 3% for the nine
weeks ended April 1, 2006. Net sales increased 3% to $1.424 billion compared
to net sales of $1.377 billion last year.
To hear further commentary provided on Limited Brands' prerecorded March
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 Victoria's Secret, Bath & Body Works, C.O.
Bigelow, Express, Limited Stores, White Barn Candle Co. and Henri Bendel,
presently operates 3,565 specialty stores. Victoria's Secret products are
also available through the catalogue and http://www.VictoriasSecret.com. Bath
& Body Works products are also available at 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 March 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 Company's 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
Company's 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 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 Company's
business; risks associated with 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 Company's products and the Company's 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
Company's brand image; risks associated with the Company's ability to retain,
hire and train key personnel and management; risks associated with the
possible inability of the Company's manufacturers to deliver products in a
timely manner or meet quality standards; risks associated with the Company's
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 and political issues and risks related to currency and
exchange rates; risks associated with 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 and as well as the requirements
the agreements related to such debt impose upon us; risks associated with the
Company's 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 March 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
MARCH 2006
Comparable Store Sales Increase (Decrease):
Year-to- Year-to-
March March Date Date
2006 2005 2006 2005
Victoria's Secret Stores 7% 1% 6% 1%
Bath & Body Works 1% 10% 3% 7%
Express (2%) (27%) 2% (24%)
Limited Stores (11%) (15%) (10%) (9%)
Total Apparel (4%) (24%) (1%) (21%)
Limited Brands 2% (7%) 3% (6%)
Total Stores:
Stores Express Stores
Operating Year-to-date Integration Operating
at 1/28/06 Opened Closed (see note) at 4/1/06
Victoria's Secret Stores 998 2 (3) - 997
Bath & Body Works 1,555 3 (4) - 1,554
Express Women 327 - (7) (6) 314
Express Men's 113 - (12) - 101
Express Dual Gender 303 - - 6 309
Total Express 743 - (19) - 724
Limited Stores 292 - (4) - 288
Total Apparel 1,035 - (23) - 1,012
Henri Bendel 2 - - - 2
Total Limited Brands 3,590 5 (30) - 3,565
Note: "Express Integration" represents conversion of Express Women and/or
Express Men stores to Express dual gender stores.
SOURCE Limited Brands
04/06/2006
CONTACT: Tom Katzenmeyer, Senior Vice President, Investor, Media and
Community Relations of Limited Brands, +1-614-415-7076
5370 04/06/2006 07:00 EDT http://www.prnewswire.com
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