| Business Summary | | The
Limited,
Inc.
sells
women's
and
men's
apparel,
women's
intimate
apparel
and
personal
care
products
under
various
trade
names
through
its
specialty
retail
stores
and
direct
response
(catalog
and
e-commerce)
businesses.
As
of
February
3,
2001,
the
Company
conducted
its
business
in
two
primary
segments,
the
apparel
segment,
which
derives
its
revenues
from
the
sale
of
women's
and
men's
apparel,
and
Intimate
Brands,
Inc.,
in
which
the
Company
holds
an
83.9%
interest,
which
derives
its
revenues
from
the
sale
of
women's
intimate
and
other
apparel,
personal
care
products
and
accessories.
On
February
8,
2001,
The
Limited
announced
its
intent
to
pursue
a
strategic
or
financial
buyer
for
Lane
Bryant
and
the
integration
of
Structure
into
Express
as
Express
Men's.
Lane
Bryant
and
Structure
are
in
the
Company's
apparel
segment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Limited
is
engaged
in
the
purchase,
distribution
and
sale
of
women's
and
men's
apparel,
women's
intimate
apparel
and
personal
care
products.
For
the
26
weeks
ended
8/4/01,
net
sales
decreased
2%
to
$4.32
billion.
Net
income
decreased
27%
to
$102.2
million.
Revenues
reflect
decreased
comparable
store
sales.
Earnings
also
suffered
from
lower
gross
margins
at
the
Intimate
Brands,
Inc.
due
to
increases
in
buying
and
occupancy
expenses. Recent Earnings Announcement For
the
13
weeks
ended
08/04/2001,
revenues
were
2,192,111;
after
tax
earnings
were
71,550. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Leslie Wexner, 63 Chairman,
Pres, CEO | $2.3M | Martin Trust, 66 Director
and Pres and CEO of Mast Industries, Inc., | 2.4M | V. Ann Hailey, 50 Exec.
VP, CFO, Director | 1.0M | Leonard Schlesinger, 48 Exec.
VP, COO, Director | 1.2M | Dollar amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|