RETAILING

Limited to Close or Remodel 360 Outlets: The retailer said the restructuring of the Limited and Lerner stores will be completed by 1996. It wasn’t immediately disclosed whether any of its California stores are affected. The Columbus, Ohio-based concern said the $200-million cost of the changes will be covered by its sale of a 60% stake in its Brylane catalogue business to Freeman Spogli & Co., a Los Angeles-based investment firm, for $285 million.