Limited share repurchase
This article was originally published in The Rose Sheet
Executive Summary
Limited Brands board of directors authorizes $250 mil. share repurchase initiative, announced Oct. 10. "Repurchases will be made at the times, in the amounts and in the matter that the company believes appropriate," Bath and Body Works and C.O. Bigelow brand owner notes. Firm has returned nearly $7 bil. to shareholders via dividends and share repurchases over the past five years, according to release. Announcement of the plan comes two days after Limited reported comparable store sales decrease of 6% for the month of September, from $713.2 mil. to $673.4 mil