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Apparel retailer Limited Brands Friday said it is doubling the size of its stock buyback program, speeding up the pace of buybacks and cutting 10 percent of its corporate jobs as part of a plan to focus on growth areas, cut costs and boost shareholder value.
Americans shopped hesitantly during May, giving retailers modest relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead.
Limited Brands reported first-quarter earnings of 13 cents a share, matching estimates. Sales for the period reached $2.31 billion, in line with estimates and ahead of $2.077 billion a year ago.
Billionaire investor George Soros reported Tuesday that he had more than doubled his stake in Microsoft Corp.'s common stock to 415,497 shares as of March 31 from a previously disclosed stake of 198,075 shares.
Limited Brands halted trading in its stock this afternoon, and Morgan Stanley initiated coverage on a few agricultural product companies. Cramer explains what it all means.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Limited Brands slashed its profit forecast for the first quarter of 2007 and full year and announced plans to sell a majority interest in its Express clothing unit and explore strategic options for its Limited Stores apparel chain.
Close your books and pick up your pencils. It’s time to see if you’ve got what it takes to make it as a trader. In this feature, Dylan poses a scenario and our guests must quickly come up with smart trades. Could you do it?
April showers bring May flowers, and, for retailers the analogy is apt: April sales were extremely dreary, but conditions are looking up for May and June.
Women's clothing and lingerie retailer Limited Brands, which owns Express and Victoria's Secret, is close to selling its apparel business, a trade publication reported today.
Apparel retailer Limited Brands said Thursday its same-store sales, or sales at stores open at least a year, a widely watched performance gauge, grew just 3% in February, in line with the company's revised expectations but below initial guidance.
Limited Brands said its earnings fell 15% in its fourth quarter, despite strong sales at Victoria's Secret and Bath & Body Works.
Americans will spend almost $17 billion to celebrate Valentine's Day, on flowers, cards, jewelry and more. Some businesses, such as Godiva Chocolatier, are institutions in the Valentine’s market. In a CNBC.com video interview, President Jim Goldman talks about why chocolate continues to be a perennial favorite.
Frigid winter winds blew life into U.S. retailers' January sales as consumers snapped up cold weather clothes.
Fashion Week kicks off today in New York City – although the event itself seems to be taking a bit of a backseat to the backlash the fashion industry faces over “super-skinny” models. Teri Agins is the fashion reporter for The Wall Street Journal. On “Street Signs,” she spoke of the worldwide protest....
Retailers reported mixed sales for December, as unusually warm weather hurt sales of winter apparel but stores with high-end or big-ticket items lured shoppers at the end of the month.
Attention holiday shoppers: Waiting until the last minute may land you a few deals, but you may not find the gift you're looking for.
Shoppers across America have millions of gift cards tucked away in envelopes, drawers and wallets. And some of the nation's largest retailers are profiting as a result.
The weather outside is frightful, but the sales are so delightful at Victoria’s Secret Stores. Sharen Turney, the CEO of Victoria’s Secret, was joined by sultry supermodels Adriana Lima and Selita Ebanks on the NYSE floor, where they gave CNBC’s Bob Pisani the inside scoop on the company’s success.
After being out of vogue for years, department stores are making a big comeback this holiday season.
November sales got off to a weak start because of unuseasonably warm weather, but some retailers overcame those early losses with big discounts and extended sales leading up to Black Friday.