Stuart Burgdoerfer

Limited Brands, parent company of Victoria's Secret and Bath & Body Works, will pilot cross-channel returns beginning this fall. Customers who buy an item via the retailer's online or catalog channel will receive credit and be able to complete a store transaction in September, with plans for a more complete rollout in spring 2013. "We are focused on really putting the power of our $2 billion internet and catalog business and the store together, actually taking returns in-store," said Victoria's Secret megabrand and intimate apparel CEO Sharen Turney during a recent conference call. 

Columbus, Ohio -- Limited Brands told investors Wednesday that it would up its capital spending to $590 million next year, a 39% increase over the $425 million it will spend this year and double what the retailer spent in 2009 and 2010. Limited CFO Stuart Burgdoerfer, in his address at the company’s annual investor update meeting in New York City, said that most of the increase will be used to expand or remodel Victoria's Secret stores in the United States. Limited plans to open its first full-assortment Victoria's Secret stores outside of North America next year, with a company-owned

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