BUSINESS BRIEFING / RETAIL
Times Wire Reports
Limited Brands Inc., owner of the Victoria’s Secret chain, fell in late trading after cutting its forecast for this month’s comparable-store sales.
Limited fell $1.82, or 9.3%, to $17.67 after the end of regular trading. The shares closed up 27 cents at $19.49 and have gained 94% this year.
October sales at stores open at least a year will decline by a percentage in the low to mid single digits, Columbus, Ohio-based Limited said.
The retailer, which had predicted comparable-store sales would be about unchanged, didn’t provide a reason for the revised forecast.
