Limited Brands Inc.’s Victoria’s Secret, the lingerie chain known for its supermodels called “Angels,” is planning its first stores in Hong Kong, where surging demand from shoppers has sent retail rents to a record.
Limited Brands Inc., the owner of the Victoria’s Secret lingerie chain, said it secured a $1.75 billion credit facility and agreed to pay a higher interest rate in exchange for relaxed terms on the debt.
When Kathleen Jordan stopped at a Victoria’s Secret a year ago to buy something for herself, the visit had an unintended consequence: her 13-year-old daughter got hooked on Pink, the lingerie brand’s young collegiate line.
Hurricane Sandy is threatening to reduce sales of clothing and holiday gifts during one of the most important shopping months of the year, while benefiting supermarkets and home-improvement stores such as Home Depot Inc.
Limited Brands Inc. and Macy’s Inc. posted November same-store sales that topped analysts’ estimates as Thanksgiving weekend deals drew record crowds, while stores that missed out on the shopping blitz trailed expectations.
U.S. retailers’ same-store sales trailed analysts’ estimates in October, the first miss this year, as flagging consumer confidence restrained shoppers at Limited Brands Inc., Target Corp. and Saks Inc.