Decades of Retail Dominance

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THE LIMITED’S LEGACY DECADES OF RETAIL DOMINANCE Les Wexner opens THE LIMITED A lot has changed since Les Wexner created his Limited INTIMATE BRANDS Reacquires Intimate Sells remaining Wexner steps Wexner leaves L Brands splits into first The Limited goes public, 1969. spun off as a Brands, recombining stake in The Limited, down as the board of two standalone store in Upper brand nearly 60 years ago. Here is a look at L Brands over public company its businesses, changes name to CEO, 2020. directors, 2021. businesses, 2021. Arlington, 1963. the years, from its mall openings to the latest split. These brands were becoming LIMITED L BRANDS, 2010 included as part of BRANDS INC., 2002 n Public company n Brands Intimate Brands: BATH & BODY WORKS INC. Bath & Body Works Bath & Body Works launched, 1990 White Barn Candle White Barn Candle launched, 1998 Pink launched, 2005 Pink Acquires Victoria’s Secret, 1982 Victoria’s Secret VICTORIA’S SECRET & CO. | |||||||||| ||||||||| | |||||||||| |||||||||| |||||||||| |||||||||| | 1960 1970 1980 1990 2000 2010 2020 | |||||||||| ||||||||| | |||||||||| |||||||||| |||||||||| |||||||||| | The Limited Sells majority stake in The Limited, 2007 Express launched, 1980 Sells Express, 2007 Structure launched, 1989 Structure folded into Express, 2001 Lane Bryant acquired, 1982 Sold, 2001 Acquires Henri Bendel*, 1985 Closes all stores, 2018 Acquires Lerner New York*, 1985 Sells Lerner/New York & Co. brands, 2002 Limited Too launched, 1987 Too Inc. (Limited Too) spun off, 1999 * Brands and stores Acquires Abercrombie & Fitch*, 1988 Abercrombie & Fitch spun off, 1996 Source: Business First research, L Brands Galyan’s Trading Co. acquired, 1995 Sells majority stake, 1999 Forms Alliance Data Systems in merger Alliance Data Systems goes public, 2001 of the credit card businesses of The Limited and JCPenney, 1996 Acquires La Senza, 2007 Sells La Senza, 2019.

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2Special Advertising Section
2 Special Advertising Section shop MERLE HAY MALL GRAND OPENING, SUNDAY, JULY 24 AT 8 AM Soon! The world’s largest and most respected gourmet coff ee company will soon call Merle Hay Mall home! Starbucks, Inc. is currently Just opened! Fun and funky fashion-forward private label constructing an 1,836 square-foot store at the sportswear and accessories for “tweens” ages 7 to 14. east entrance to the mall, across from Applebees. This store will be the fi rst stand-alone store in the Des Moines area. Enjoy tasty beverages, food and merchandise in the comfortable indoor seating area or at the outdoor umbrella tables. In a hurry? Swing through the drive-up window! Opening mid-August. In the Target hallway across from Old Navy shopshop MERLE HAY MALL SpecialSpecial AdvertisingAdvertising Section 3 ISSUE NO. 6: AUGUST/SEPTEMBER/OCTOBER, 2005 Mall Events 4 There’s always something going on at Merle Hay Mall! Look Smart 6 AUGUST 5–31 Get the skinny on the latest fall fashions. Shop Savvy 7 Check out these tips for the back-to-school shopper. Otis’s Fun Forest 8 will be given away to area schools! Ready for a challenge? Try this wordpuzzle! Raising money for your school while you shop at Merle Hay Mall is easy! Here’s how: 1) Shop any store in Merle Hay Mall. VISIT US ONLINE! WWW.MERLEHAYMALL.COM 2) Bring your receipt(s) to Customer Service. All receipts must be from purchases made at Merle Hay Mall from August 5–31, 2005. Each receipt can only be submitted once.
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L BRANDS, INC. (Exact Name of Registrant As Specified in Its Charter) (Formerly Known As Limited Brands, Inc.) ______
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2020 Career Fair Organizations Organization Career Areas Position
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Spring 2017 • May 7, 2017 • 12 P.M
THE OHIO STATE UNIVERSITY 415TH COMMENCEMENT SPRING 2017 • MAY 7, 2017 • 12 P.M. • OHIO STADIUM Presiding Officer Commencement Address Conferring of Degrees in Course Michael V. Drake Abigail S. Wexner Colleges presented by President Bruce A. McPheron Student Speaker Executive Vice President and Provost Prelude—11:30 a.m. Gerard C. Basalla to 12 p.m. Class of 2017 Welcome to New Alumni The Ohio State University James E. Smith Wind Symphony Conferring of Senior Vice President of Alumni Relations Russel C. Mikkelson, Conductor Honorary Degrees President and CEO Recipients presented by The Ohio State University Alumni Association, Inc. Welcome Alex Shumate, Chair Javaune Adams-Gaston Board of Trustees Senior Vice President for Student Life Alma Mater—Carmen Ohio Charles F. Bolden Jr. Graduates and guests led by Doctor of Public Administration Processional Daina A. Robinson Abigail S. Wexner Oh! Come let’s sing Ohio’s praise, Doctor of Public Service National Anthem And songs to Alma Mater raise; Graduates and guests led by While our hearts rebounding thrill, Daina A. Robinson Conferring of Distinguished Class of 2017 Service Awards With joy which death alone can still. Recipients presented by Summer’s heat or winter’s cold, Invocation Alex Shumate The seasons pass, the years will roll; Imani Jones Lucy Shelton Caswell Time and change will surely show Manager How firm thy friendship—O-hi-o! Department of Chaplaincy and Clinical Richard S. Stoddard Pastoral Education Awarding of Diplomas Wexner Medical Center Excerpts from the commencement ceremony will be broadcast on WOSU-TV, Channel 34, on Monday, May 8, at 5:30 p.m.
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Appendix Limitedbran
Appendix EXHIBIT 12 ---------- THE LIMITED, INC. AND SUBSIDIARIES RATIO OF EARNINGS TO FIXED CHARGES (Thousands) Year Ended ------------------------------------------------------------------------------------ February 3, 2001 January 29, 2000 January 30, 1999 January 31, 1998 February 1, 1997 ---------------- ---------------- ---------------- ---------------- ---------------- Adjusted Earnings ----------------- Pretax earnings $758,905 $831,759 $2,351,494 $390,653 $675,088 Portion of minimum rent ($653,820 in 2000, 217,940 223,987 229,747 246,162 237,419 $671,960 in 1999, $689,240 in 1998, $738,487 in 1997, and $712,258 in 1996) representative of interest Interest on indebtedness 58,244 78,297 68,528 68,728 75,363 Minority interest 69,345 72,623 63,616 55,610 45,466 ------------ ------------ ------------ ------------ ------------ Total earnings as adjusted $1,104,434 $1,206,666 $2,713,385 $761,153 $1,033,336 ============ ============ ============ ============ ============ Fixed Charges ------------- Portion of minimum rent representative of interest $217,940 $223,987 $229,747 $246,162 $237,419 Interest on indebtedness 58,244 78,297 68,528 68,728 75,363 ------------ ------------ ------------ ------------ ------------ Total fixed charges $276,184 $302,284 $298,275 $314,890 $312,782 ============ ============ ============ ============ ============ Ratio of earnings to fixed charges 4.00x 3.99x 9.10x 2.42x 3.30x ============ ============ ============ ============ ============ Exhibit 13 6 FINANCIAL SUMMARY (Millions except per share amounts,
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THE DRESS BARN, INC. (Exact Name of Registrant As Specified in Its Charter) Connecticut 06-0812960 (State Or Other Jurisdiction of (I.R.S
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L Brands, Inc
New York Paris Northern California Madrid Washington DC Tokyo São Paulo Beijing London Hong Kong Davis Polk William H. Aaronson Davis Polk & Wardwell LLP 212 450 4000 tel 450 Lexington Avenue 212 701 5800 fax New York, NY 10017 January 31, 2020 VIA Email Office of Chief Counsel Division of Corporation Finance Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 via email: [email protected] Ladies and Gentlemen: We refer to our letter dated January 10, 2020 (the “No-Action Request”), submitted on behalf of L Brands, Inc., a Delaware corporation (the “Company”), pursuant to which we requested that the Staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission concur with the Company’s view that the shareholder proposal (as revised, the “Proposal”) submitted by John Chevedden (the “Proponent”) may be excluded from the proxy materials the Company intends to distribute in connection with its 2020 Annual Meeting of Stockholders (the “2020 Proxy Materials”). In accordance with Rule 14a-8(j), a copy of this submission is being sent simultaneously to the Proponent. The No-Action Request stated the Company’s view that the Proposal may be excluded from the 2020 Proxy Materials because the Company’s Board of Directors (the “Board”) was expected, at its meeting held on January 30, 2020 (the “January Board Meeting”), to consider resolutions approving an amendment to the Company’s Restated Certificate of Incorporation (the “Certificate of Incorporation”) to eliminate the Company’s classified board structure resulting in all directors being elected annually beginning at the Company’s 2021 Annual Meeting of Stockholders (the “Charter Amendment”), which would substantially implement the Proposal under Rule 14a-8(i)(10).
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L Brands Announces Transformative Transaction with Sycamore Partners to Drive Shareholder Value
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View Annual Report
“WE KNOW THAT THE PATH TO CREATING VALUE FOR OUR SHAREHOLDERS IS BY CREATING VALUE FOR OUR CUSTOMERS. ACROSS ALMOST 4,000 STORES, OUR NEARLY 50,000 ASSOCIATES KNOW THAT CUSTOMER SERVICE MAKES THE DIFFERENCE.” 2013 has been an evolutionary year for our business. We made significant progress in a number of areas, particularly with respect to the integration of our acquisition of the Charming Shoppes businesses. We have embarked on a transformation of our operating platform. This is a wide-ranging effort designed to create a strong shared services platform that centralizes our operations, unlocks synergy and efficiency, improves our financial performance and positions us for continued growth and value creation. Over the past year, we’ve continued to build an experienced executive team that will achieve our vision. Key hires have included Dirk Montgomery, who joined us as our new Chief Financial Officer in January, and Linda Heasley, our new CEO of Lane Bryant, who will help us write the next chapter for that brand. We have attracted talent for key positions across the company, including new senior merchandising leaders. This is a world- class team with high aspirations and expectations. Our fiscal 2013 results, particularly in the early part of the year, This focus is increasingly important because today’s consumer has reflect the transition in the business, including our pre-integration reduced discretionary expenditures, demands greater value for cost structure and some merchandising challenges at Lane Bryant her dollar, and has become smarter and more educated with every and dressbarn. We finished the year with operational strength passing season.
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Limited Brands Reports June Sales
Limited Brands Reports June Sales July 11, 2002 COLUMBUS, Ohio, July 11 /PRNewswire-FirstCall/ -- Limited Brands (NYSE: LTD) reported a comparable store sales increase of 5% for the five weeks ended July 6, 2002 compared to the five weeks ended July 7, 2001. Net sales were $858.7 million, an increase of 8% compared to adjusted sales of $793.3 million 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 five weeks ended July 7, 2001 including Lane Bryant were $878.1 million. (Photo: http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO ) The Company reported a comparable store sales increase of 4% for the twenty-two weeks ended July 6, 2002 compared to the twenty-two weeks ended July 7, 2001. Net sales were $3.557 billion, an increase of 8% compared to adjusted sales of $3.302 billion last year. Net sales for the twenty-two weeks ended July 7, 2001 including Lane Bryant were $3.707 billion. To hear Limited Brands' prerecorded June sales message, call 1-800-337- 6551, followed by the passcode LTD (583), or log onto www.Limitedbrands.com for an audio replay. 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 4,564 specialty stores. Victoria's Secret products are also available through the catalogue and www.VictoriasSecret.com . THE LIMITED, INC. June 2002 Comparable Store Sales
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State of North Carolina Before the Tax Review Board County of Wake
STATE OF NORTH CAROLINA BEFORE THE TAX REVIEW BOARD COUNTY OF WAKE IN THE MATTER OF: The Proposed Corporate ) Franchise and Income Tax ) Assessments for the Fiscal ) Years of January 31, 1992 ) through January 31, 1994 ) by the Secretary of Revenue ) of North Carolina ) ) ADMINISTRATIVE DECISION vs. ) Number: 381 A&F Trademark, Inc., ) Caciqueco, Inc., ) Expressco, Inc., ) Lanco, Inc., ) Lernco, Inc., ) Limco Investments, Inc., ) Limtoo, Inc., ) Structureco, Inc. ) V. Secret Stores, Inc. ) This matter was heard before the Tax Review Board (hereinafter “Board”) in the City of Raleigh, Wake County, North Carolina, in the office of the State Treasurer on Thursday, February 14, 2002, upon the Petition of A&F Trademark, Inc., Caciqueco, Inc., Expressco, Inc., Lanco, Inc., Lernco, Inc., Limco Investments, Inc., Limtoo, Inc., Structureco, Inc., and V. Secret Stores, Inc. (“hereinafter Taxpayers”) for administrative review of the Final Decision of Michael A. Hannah, Assistant Secretary of the North Carolina Department of Revenue, entered on September 19, 2000, sustaining the Department’s proposed assessment of corporate franchise and income taxes for fiscal year ended January 31, 1994. Chairman Richard H. Moore, State Treasurer, presided over the hearing with Jo Anne Sanford, Chair, Utilities Commission and duly appointed member, Noel L. Allen, Attorney at Law participating. Paul H. Frankel, Hollis L. Hyans, and Craig B. Fields of Morrison & Foerster, LLP, and Jasper L. Cummings, Jr., of Alston & Bird, LLP represented the Taxpayers at the hearing. Kay Miller Hobart, Assistant Attorney General, represented the Secretary of Revenue at the hearing. STATEMENT OF FACTS The Taxpayers are nine wholly-owned subsidiaries of the Limited Stores, Inc.
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The Limited, Inc. Announces Fourth Quarter Earnings and Additional Initiatives to Increase Shareholder Value
The Limited, Inc. Announces Fourth Quarter Earnings and Additional Initiatives to Increase Shareholder Value February 28, 2001 -- Pursuing Strategic or Financial Buyer for Lane Bryant -- -- Integrating Structure into the Express Brand under the Leadership of Michael Weiss -- -- Other Organizational Changes Announced -- COLUMBUS, Ohio, Feb. 28 /PRNewswire/ -- The Limited, Inc. (NYSE: LTD; London) today announced a number of initiatives designed to further the creation of shareholder value. The Company also announced adjusted fourth quarter earnings per share, excluding special items, of $0.55, in line with current Wall Street estimates. The initiatives include: * The intention to sell Lane Bryant to a strategic or financial buyer; * The integration of Structure into the Express brand as Express Men's, under the leadership of Express President and CEO Michael Weiss; and, * Key organizational changes at the Company. "These initiatives are a continuation of our focus on offering our customers the best shopping experience, our associates the best career opportunities, and our shareholders maximum value," said Leslie H. Wexner, Chairman and CEO of The Limited. Sale of Lane Bryant The Company announced its intent to pursue a strategic or financial buyer for Lane Bryant and has retained Lazard Freres to represent it in this transaction. "Lane Bryant has established itself as the leading women's plus- size business. It is well positioned and now is an ideal time to pursue future growth opportunities with a strategic or financial buyer," Mr. Wexner said. Ken Gilman will join Lane Bryant as CEO. Jill Dean will retain her position as President of Lane Bryant. "I want to thank Ken for his more than 25 years of dedicated service to The Limited, most recently as Vice-Chairman and Chief Administrative Officer.
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