Leslie H. Wexner

While L Brands has never rushed into international markets, overseas expansion is starting to come into greater focus for the company. In fact, recent results are starting to paint a picture of great opportunity, officials said. "We'd like to be simply the best in the world," CEO and Founder Leslie H. Wexner told analysts who had flown in from throughout the country for the company's annual investor conference yesterday. International expansion, while still a small piece of the Columbus, Ohio-based retailer's profits, was easily the most talked-about topic at the event.

Victoria's Secret Direct, the internet and catalog division of Victoria's Secret, announced that Pia Ferrario will remain in her role as CEO through holiday and then transition into an advisory role with the company. Bridget Ryan-Berman, former chief executive officer of Giorgio Armani Corp., will join Victoria's Secret Direct as its chief executive officer.

Columbus, Ohio -- Limited Brands reported Wednesday that net income for the second quarter rose a better-than-expected 29% to $231.2 million, compared with $178.7 million in the year-ago period. It cited strong full-price sales at Victoria’s Secret and Bath and Body Works for the strong showing. Revenue rose 10% to $2.46 billion, matching Wall Street expectations. Same-store sales rose 9%. "Our focus on managing inventory and expenses conservatively and staying agile yielded more full-priced selling and record results," Leslie H. Wexner, Limited's chairman and CEO, said in a statement. "As we enter the fall season, we will remain focused

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