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Limited, Intimate Brands outline operations plan

Columbus, Ohio – Locally based Limited Inc. and its majority-owned lingerie unit Intimate Brands Inc. recently outlined store expansion programs for fiscal 2002.

Limited plans to open 20 Express women’s stores in 2002, and it also plans to continue testing the combined men’s and women’s Express format next year. Limited’s Structure stores will be converted to Express Men’s.

Also on the agenda is reformatting 48 Lerner stores to the New York & Co. banner. Lastly, 30 under performing Lerner stores will close, and 13 others will be remodeled. Fifteen Limited name brand stores will close.

Intimate Brands will open 40 Victoria’s Secret stores and an additional 40 shops will be remodeled and/or expanded. Thirty Victoria’s Secret Beauty stores will also pop up next year and 11 will be remodeled.

Lastly, 125 new Bath & Body Works stores will open. Approximately 25 existing stores will be remodeled.

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