More fashion turnover and profit
Limited Brands, operating 2623 specialty stores in the U.S.A. and operating internationally reports gains in turnover (+19 %) and net income both for the fourth quarter of 2011 (ended January 28, 2011) and the entire past year
Comparable net store (the brands Limited, Victoria’s Secret, Henry Bendel, etc. are also globally sold in other 600 locations company operated and franchised) sales in 2011 amounted to USD 10364 (USD 9613.3) million and net income of slightly over USD 850 (USD 804.8) million. These figures are not consolidated. There are also some extraordinary items to be considered, there was a pre-tax gain of USD 110.8 million related to the sale of Limited’s third party apparel sourcing business and there was also a tax benefit of USD 28.4 million. For restructuring charges and store closures a non- cash charge of USD 256.1 million was made.