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Limited Brands alters Ann Hailey's portfolio as EVP

02 Feb '06

3 min read

Leslie H Wexner, Chairman and CEO said that he is highly confident in Martyn's abilities and anticipate a smooth transition.

Prior to joining Limited Brands Redgrave was with Carlson Companies for eleven years, most recently as EVP and CFO.

He also spent 14 years in positions of increasing responsibility at Pepsico Inc including serving as SVP and CFO for both Kentucky Fried Chicken and Taco Bell.

Redgrave received an A.B. degree in Economics from Princeton University and a Master of Business Administration degree from the Stern School of Business at New York University, and is a CPA.

In addition, he serves on the Board of Directors of Deluxe Corporation, a New York Stock Exchange company and is the Chairman of the Audit Committee and member of the Finance Committee.

The Company reported flat comparable store sales for the four weeks ended January 28, 2006 compared to the four weeks ended January 29, 2005.

Net sales increased 4 percent to $783.0 million compared to net sales of $750.5 million last year.

For the fourth quarter, the Company reported a comparable store sales increase of 3 percent.

Net sales were $3.511 billion, an increase of 5 percent compared to net sales of $3.328 billion last year.

Comparable store sales decreased 1 percent for the fiscal year 2005 and net sales increased 3 percent to $9.669 billion compared to sales of $9.408 billion last year.

Limited Brands, through Victoria's Secret, Bath & Body Works, C.O. Bigelow, Express, Limited Stores, White Barn Candle Co and Henri Bendel, presently operates 3,590 specialty stores.

Limited Brands

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