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Sales Slip Slightly at Limited Brands

Going forward, company raises 4Q earnings guidance.

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By: TOM BRANNA

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Limited Brands, Inc. reported a comparable store sales decrease of 2% for the five weeks ended Jan. 2, 2010, compared to the five weeks ended Jan. 3, 2009. The company reported net sales of $1.6 billion for the five weeks ended Jan. 2, 2010, compared to net sales of $1.644 billion last year. For the 48 weeks ended Jan. 2, 2010, the company reported a comparable store sales decrease of 5% and net sales of $8.0 billion. Sales and merchandise margin rates for the fourth quarter to date are abov...

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