Friday, November 20, 2009

HR Quarterly Round-Up: Limited, Gap, Ann Taylor


Limited Brands Beats Street, Shares Up (Reuters): Limited Brands, owner of the Victoria's Secret and Bath & Body Works chains, posted a higher than expected quarterly profit on Wednesday, sending shares up 3.5 percent after hours.

Gap Says Profit Rose 25%, Plans to Buy Back Shares (Bloomberg): Gap Inc., the operator of the Old Navy and Banana Republic clothing chains, reported third-quarter profit rose 25 percent as inventory declined, and said it plans to buy back more stock.

Ann Taylor Reports Profit, but Sees Soft Holiday Sales (NYT): The clothing retailer Ann Taylor Stores posted a better-than-expected fiscal third-quarter profit on Friday, but shares fell as the company forecast soft sales for the holiday shopping season.

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