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In Brief: Bath & Body Works

This article was originally published in The Rose Sheet

Executive Summary

Bath & Body Works: Opening 180 outlets in 1998 and hiring 2,500 new sales associates as part of the expansion plan for the specialty retailer, parent company Intimate Brands announced Jan. 27. The firm will also expand its Victoria's Secret presence with 85 new stores, 35 of which will include free-standing Victoria's Secret Bath & Fragrance shops. Intimate Brands will close its 118-store Cacique lingerie business to focus its "valuable resources" on "those opportunities that will yield the greatest return" for investors, the company said...
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