Limited Brands (LTD) Reports Decline in August Same-Store Sales

Limited Brands, Inc. (NYSE: LTD) reported a comparable store sales decrease of 7% for the four weeks ended Aug. 30, 2008 compared to the four weeks ended Sept. 1, 2007. The company reported net sales of $588.4 million for the four weeks ended Aug. 30, 2008, an increase of 4% compared to net sales of $565.2 million last year.

The company reported a comparable store sales decrease of 7% for the 30 weeks ended Aug. 30, 2008. Net sales were $4.798 billion compared to net sales of $5.500 billion last year.

2007 net sales include Express sales through July 6, 2007, the closing date of the sale of a majority interest to affiliates of Golden Gate Capital, and Limited Stores sales through Aug. 3, 2007, the closing date of the transfer of a majority interest to affiliates of Sun Capital Partners.[SM]

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