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Limited Brands Reports July Sales

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Limited Brands Reports July Sales Limited Brands Reports July Sales August 8, 2002 COLUMBUS, Ohio, Aug. 8 /PRNewswire-FirstCall/ --- Limited Brands (NYSE: LTD) reported a comparable store sales increase of 2% for the four weeks ended August 3, 2002 compared to the four weeks ended August 4, 2001. Net sales were $582.9 million, an increase of 6% compared to adjusted sales of $548.5 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 four weeks ended August 4, 2001 including Lane Bryant were $612.3 million. (Photo: http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO ) The Company reported a comparable store sales increase of 4% for the twenty-six weeks ended August 3, 2002 compared to the twenty-six weeks ended August 4, 2001. Net sales were $4.140 billion, an increase of 8% compared to adjusted sales of $3.851 billion last year. Net sales for the twenty-six weeks ended August 4, 2001 including Lane Bryant were $4.319 billion. The Company plans to file its CEO/CFO statements with the SEC on the scheduled due date of September 17, 2002. To hear Limited Brands' prerecorded July 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 second quarter earnings on August 22, 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 4,564 specialty stores. Victoria's Secret products are also available through the catalogue and www.VictoriasSecret.com . LIMITED BRANDS July 2002 Comparable Store Sales Increase (Decrease): Second Second Year- Year- July July Quarter Quarter to-date to-date 2002 2001 2002 2001 2002 2001 Victoria's Secret Stores 4% (5%) 5% (3%) 6% (5%) Bath & Body Works 0% (11%) (2%) (9%) (5%) (8%) Express (2%) (5%) 5% (6%) 6% (3%) Lerner New York 7% (13%) 7% (8%) 5% (1%) Limited Stores 11% (7%) 13% (5%) 11% (3%) Total Apparel 2% (7%) 7% (6%) 7% (3%) Limited Brands 2% (6%) 4% (5%) 4% (4%) Total Sales (Millions): Second Second Year-to-date Year-to-date Quarter 2002 Quarter 2001 2002 2001 Victoria's Secret Stores $ 615.3 $ 563.0 $ 1,151.5 $ 1,042.7 Victoria's Secret Direct 249.2 229.1 475.0 455.2 Total Victoria's Secret $ 864.5 $ 792.1 $ 1,626.5 $ 1,497.9 Bath & Body Works $ 374.3 $ 358.9 $ 694.6 $ 678.7 Express $ 449.5 $ 434.4 $ 931.6 $ 885.7 Lerner New York 200.4 193.5 428.8 421.8 Limited Stores 141.6 131.4 297.5 276.8 Total Apparel $ 791.5 $ 759.3 $ 1,657.9 $ 1,584.3 Total Other $ 82.5 $ 281.8 $ 161.0 $ 558.1 Limited Brands $ 2,112.8 $ 2,192.1 $ 4,140.0 $ 4,319.0 Total Stores: Express Stores Stores Beginning Year-to-date Integration Operating Operating of Year Opened Closed (see note) at 8/3/02 at 8/4/01 Victoria's Secret Stores 1,002 15 (8) - 1,009 982 Bath & Body Works 1,615 26 (12) - 1,629 1,539 Express Women 667 2 (5) (20) 644 661 Express Men's 439 - (37) (16) 386 456 Express Dual Gender - 3 - 20 23 - Total Express 1,106 5 (42) (16) 1,053 1,117 Lerner New York 522 - (10) - 512 547 Limited Stores 368 - (8) - 360 382 Total Apparel 1,996 5 (60) (16) 1,925 2,046 Henri Bendel 1 - - - 1 1 Lane Bryant - - - - - 650 Total Other Businesses 1 - - - 1 651 Total Limited Brands 4,614 46 (80) (16) 4,564 5,218 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/11690X60412304 SOURCE Limited Brands Web site: http: //www.limitedbrands.com http://www.VictoriasSecret.com Photo: http: //www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or 212-782-2840 CONTACT: Tom Katzenmeyer, Vice President, Communications and Investor Relations of Limited Brands, +1-614-415-7076 CAPTION: CLM001LOGO LIMITED BRANDS LOGO Limited Brands logo. (PRNewsFoto)[AS] COLUMBUS, OH USA 05/20/2002.
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