COLUMBUS, Ohio, July 11, 2013 /PRNewswire/ -- Limited
Brands, Inc. (now known as L Brands, Inc.) (NYSE: LTD) reported net
sales of $1.101 billion for the five
weeks ended July 6, 2013, compared to
net sales of $1.077 billion for the
five weeks ended June 30, 2012.
The company reported flat comparable store sales for the five weeks
ended July 6, 2013, compared to the
five weeks ended July 7,
2012.
(Logo: http://photos.prnewswire.com/prnh/20020520/CLM001LOGO
)
The company reported net sales of $4.106
billion for the 22 weeks ended July
6, 2013, an increase of 5 percent compared to sales of
$3.903 billion for the 22 weeks ended
June 30, 2012. The company
reported a comparable store sales increase of 2 percent for the 22
weeks ended July 6, 2013, compared to
the 22 weeks ended July 7, 2012.
To hear further commentary provided on Limited Brands'
prerecorded June sales message, call 1-866-639-7583
(1-866-NEWS-LTD), or log onto www.LimitedBrands.com for an audio
replay.
ABOUT LIMITED BRANDS:
Limited Brands, through
Victoria's Secret, Pink, Bath & Body Works, La Senza and
Henri Bendel, is an international
company. The company operates 2,617 specialty stores in
the United States and its brands
are sold in more than 700 company-operated and franchised
additional locations world-wide. The company's products are
also available online at www.VictoriasSecret.com,
www.BathandBodyWorks.com, www.HenriBendel.com and
www.LaSenza.com.
Safe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995
L Brands, Inc.
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 June sales call involve
risks and uncertainties and are subject to change based on various
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 any 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
June sales call:
- general economic conditions, consumer confidence, consumer
spending patterns and market disruptions including severe weather
conditions, natural disasters, health hazards, terrorist
activities, financial crises, political crises or other major
events, or the prospect of these events;
- the seasonality of our business;
- the dependence on a high volume of mall traffic and the
possible lack of availability of suitable store locations on
appropriate terms;
- our ability to grow through new store openings and existing
store remodels and expansions;
- our ability to successfully expand into global markets and
related risks;
- our relationships with independent licensees and
franchisees;
- our direct channel businesses;
- our failure to protect our reputation and our brand
images;
- our failure to protect our trade names, trademarks and
patents;
- 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 and launch new product
lines successfully;
- our ability to source, distribute and sell goods and materials
on a global basis, including risks related to:
- political instability;
- duties, taxes and other charges;
- legal and regulatory matters;
- volatility in currency exchange rates;
- local business practices and political issues;
- potential delays or disruptions in shipping and transportation
and related pricing impacts;
- the disruption of production or distribution by labor disputes;
and
- changing expectations regarding product safety due to new
legislation;
- stock price volatility;
- our failure to maintain our credit rating;
- our ability to service or refinance our debt;
- our ability to retain key personnel;
- our ability to attract, develop and retain qualified employees
and manage labor costs;
- the inability of our manufacturers to deliver products in a
timely manner and meet quality standards;
- fluctuations in product input costs;
- fluctuations in energy costs;
- increases in the costs of mailing, paper and printing;
- claims arising from our self-insurance;
- our ability to implement and maintain information technology
systems and to protect associated data;
- our failure to comply with regulatory requirements;
- tax matters; and
- legal and compliance 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
June 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. Additional information regarding these and other
factors can be found in "Item 1A. Risk Factors" in our 2012 Annual
Report on Form 10-K.
LIMITED
BRANDS
|
JUNE
2013
|
|
Comparable Store
Sales Increase (Decrease):
|
|
June
2013
|
June
2012
|
Year-to-
Date
2013
|
Year-to-
Date
2012
|
|
|
|
|
|
Victoria's Secret
Stores
|
(1%)
|
11%
|
2%
|
10%
|
Bath & Body
Works
|
2%
|
2%
|
3%
|
5%
|
La Senza
|
0%
|
2%
|
3%
|
(2%)
|
Limited
Brands
|
0%
|
7%
|
2%
|
7%
|
Victoria's Secret
Direct Sales
|
(9%)
|
11%
|
(5%)
|
4%
|
Total
Company-Operated Stores:
|
|
|
Stores
|
Year-to-date
|
Stores
|
|
Operating
|
Operating
|
|
at 2/2/13
|
Opened
|
Closed
|
at 7/6/13
|
|
|
|
|
|
Victoria's Secret
Stores
|
1,019
|
12
|
(7)
|
1,024
|
Bath & Body
Works
|
1,571
|
-
|
(7)
|
1,564
|
Henri
Bendel
|
29
|
-
|
-
|
29
|
Total
United States
|
2,619
|
12
|
(14)
|
2,617
|
|
|
|
|
|
La Senza
Canada
|
158
|
-
|
(1)
|
157
|
Bath & Body Works
Canada
|
71
|
4
|
-
|
75
|
Victoria's Secret
Canada
|
26
|
-
|
-
|
26
|
Victoria's Secret
UK
|
2
|
-
|
-
|
2
|
Total Limited
Brands
|
2,876
|
16
|
(15)
|
2,877
|
SOURCE Limited Brands, Inc.