Forbes Growth Likes Limited Brands
CEO Blogger (October 27th, 2008) Writes:
In The Forbes Growth Investor, quantitative analyst Vahan Janjigian eyes Limited Brands, which owns several leading retailing chains including Victoria’s Secret.
Track Forbes Growth picks at:
http://trackthepros.com/stocks/category/546
“Limited Brands owns and operates several specialty retailers including Victoria’s Secret, La Senza, Bath & Body Works, C.O.Bigelow, White Barn Candle Co., and Henri Bendel. In aggregate, the company has 2,992 stores across the U.S.and Canada.
“The Victoria’s Secret segment, which accounted for 64.7% of first-half fiscal 2009 sales,is a leading marketer of intimate women’s apparel.
“Remodeled stores offset a drop in comparable store sales. Victoria’s Secret sales climbed 2.9% despite a 7% decline at comparable stores.
“Recent cost reduction initiatives have improved inventory management and reduced SG&A expense as a percentage of sales. LTD also divested 75% of its ownership in Express and Limited Stores, removing itself as a major player in the retail clothing industry.
“The company is preparing a number of marketing initiatives for the
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