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In Brief: Intimate Brands

This article was originally published in The Rose Sheet

Executive Summary

Intimate Brands: Bath & Body Works sales increase 58% to $212.4 mil. for the fiscal second quarter (ended Aug. 2), with an earnings increase of 43%, the company reported Aug. 13. Gift sets and new Bath & Body Works product introductions, including body sprays packaged in trigger bottles and antibacterial lotions boosted sales, Intimate Brands noted. During the quarter Bath & Body Works opened 48 stores, bringing the number of new stores in 1997 to 94, the company said. Intimate Brands Victoria's Secret Bath & Fragrance division also "recorded strong sales growth" during the quarter, the firm added. Consolidated Intimate Brands sales for the quarter increased 26.5% to $826.5 mil. and net income grew 26.9% to $61 mil...
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