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Limited Brands Reports October Sales

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Limited Brands Reports October Sales Limited Brands Reports October Sales November 7, 2002 COLUMBUS, Ohio, Nov. 7 /PRNewswire-FirstCall/ -- Limited Brands (NYSE: LTD) reported a comparable store sales increase of 3% for the four weeks ended November 2, 2002 compared to the four weeks ended November 3, 2001. Net sales were $615.2 million, an increase of 4% compared to sales of $591.7 million last year. The Company reported a comparable store sales increase of 4% for the thirty-nine weeks ended November 2, 2002 compared to the thirty-nine weeks ended November 3, 2001. Net sales were $6.123 billion, an increase of 7% compared to adjusted sales of $5.730 billion last year. Adjusted sales in 2001 exclude sales from Lane Bryant, which was sold to Charming Shoppes, Inc. (Nasdaq: CHRS) in August 2001. Net sales for the thirty-nine weeks ended August 4, 2001 including Lane Bryant were $6.225 billion. To hear Limited Brands' prerecorded October sales message, call 1-800-337-6551, followed by the passcode LTD (583), or log onto www.Limitedbrands.com for an audio replay. The Company will report third quarter earnings on November 21, 2002. ABOUT LIMITED BRANDS: Limited Brands, through Victoria's Secret, Bath & Body Works, Express, Express Men's (Structure), Lerner New York, Limited Stores, White Barn Candle Co. and Henri Bendel, presently operates 4,594 specialty stores. Victoria's Secret products are also available through the catalogue and www.VictoriasSecret.com . LIMITED BRANDS October 2002 Comparable Store Sales Increase (Decrease): Third Third Year- Year- October October Quarter Quarter to-date to-date 2002 2001 2002 2001 2002 2001 Victoria's Secret Stores 6% 0% 8% (5%) 7% (5%) Bath & Body Works (4%) (13%) (1%) (16%) (4%) (11%) Express 4% (6%) 1% (5%) 4% (4%) Lerner New York 0% (7%) 0% (5%) 3% (2%) Limited Stores 6% (1%) 10% (3%) 11% (3%) Total Apparel 4% (5%) 2% (5%) 5% (3%) Limited Brands 3% (6%) 3% (7%) 4% (5%) Total Sales (Millions): Third Third Year-to-date Year-to-date Quarter 2002 Quarter 2001 2002 2001 Victoria's Secret Stores $ 515.1 $ 457.0 $ 1,666.6 $ 1,499.7 Victoria's Secret Direct 162.4 148.0 637.4 603.3 Total Victoria's Secret $ 677.5 $ 605.0 $ 2,304.0 $ 2,103.0 Bath & Body Works $ 309.3 $ 300.6 $ 1,003.9 $ 979.2 Express $ 517.6 $ 508.7 $ 1,449.2 $ 1,394.4 Lerner New York 215.0 219.9 643.9 641.6 Limited Stores 157.8 151.5 455.3 428.3 Total Apparel $ 890.4 $ 880.1 $ 2,548.4 $ 2,464.3 Total Other $ 105.4 $ 120.8 $ 266.3 $ 678.9 Limited Brands $ 1,982.6 $ 1,906.5 $ 6,122.6 $ 6,225.4 Total Stores: Express Stores Stores Beginning Year-to-date Integration Operating Operating of Year Opened Closed (see note) at 11/2/02 at 11/3/01 Victoria's Secret Stores 1,002 30 (14) - 1,018 1,003 Bath & Body Works 1,615 47 (19) - 1,643 1,601 Express Women 667 6 (5) (31) 637 669 Express Men's 439 - (40) (16) 383 454 Express Dual Gender - 10 - 31 41 - Total Express 1,106 16 (45) (16) 1,061 1,123 Lerner New York 522 2 (12) - 512 543 Limited Stores 368 1 (10) - 359 382 Total Apparel 1,996 19 (67) (16) 1,932 2,048 Henri Bendel 1 - - - 1 1 Total Limited Brands 4,614 96 (100) (16) 4,594 4,653 Note: "Express Integration" represents conversion of Express Women and Express Men stores to Express dual gender stores. Make Your Opinion Count - Click Here http://tbutton.prnewswire.com/prn/11690X25786254 SOURCE Limited Brands.
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