Columbus, Ohio-based Limited Brands, owner of the Victoria’s Secret retail chain, predicted a Q1 loss and cut 400 jobs as consumers reduce spending on lingerie. Limited is also suspending pay increases, reducing capital spending and slowing store growth. Q4 net income dropped 96% to $16.1 million. Revenue fell 8.7% to $2.99 billion. Most of the jobs cut at [...]
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Thursday, February 26, 2009
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