Limited, Intimate Brands Report Losses

Share this content:
The Limited Inc. and its Intimate Brands Inc. unit reported fiscal third-quarter losses yesterday.

Columbus, OH-based The Limited posted an $11.8 million adjusted net loss for the three months ended Nov. 3, compared with income of $49.2 million last year. Net sales fell to $1.906 billion from $2.168 billion, while sales at stores open at least one year fell 7 percent.

Excluding sales in both periods from Lane Bryant, which was sold to Charming Shoppes Inc. in August, sales decreased 4 percent.

Intimate Brands' operating loss totaled $13.5 million, compared with income of $80.1 million last year. Its net loss was $10.7 million, compared with income of $43.2 million last year.

Net sales fell to $905.6 million from $944 million, as comparable-store sales were down 10 percent.

The Limited owns about 84 percent of Intimate Brands.


Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above