(Reuters) - Limited, which recently agreed to sell 67 percent of its Express chain to a private equity firm, is trying to shed its underperforming apparel brands in order to focus on what most of its customers want -- sexy undergarments and bath and beauty products.
In addition to raising its buyback program to $1 billion from $500 million, Limited said it plans to accelerate the pace of those buybacks. It has already repurchased $190.5 million worth of shares under the existing plan. Limited authorized the $500 million buyback program on May 23.
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In addition to raising its buyback program to $1 billion from $500 million, Limited said it plans to accelerate the pace of those buybacks. It has already repurchased $190.5 million worth of shares under the existing plan. Limited authorized the $500 million buyback program on May 23.
Read more at Reuters.com Hot Stocks News
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