• Limited will close all stores at end of business Saturday

    • Posted 01/07/2017 07:06 PM - Hide
    • http://www.ky3.com/content/news/409981585.html

      Another national retailer is closing its stores.

      The Limited announced Saturday that all stores nationwide will officially close their doors at the end of business.

      The website is still up and running and the company will continue to ship nationwide.

      Twenty years ago, the Limited was on fire with more than 750 stores across the country.
      The limited brand fell on hard times in the mid-2000's and never fully recovered.

      Macy's also brought bad news to mall shoppers this week announcing the closing of 68 stores.

      Sears announced 150 more Kmart and Sears locations are also shutting down."

      Will real-life retail stores shut down and eke along selling what they can via the Web? Cut costs to the max. If nobody has a job how can they buy shit?

      Society may have to do the "make work" thin to keep wealth flowing through the economy/society.

      Perhaps make-work jobs that improve the commoners' lifestyles? The cleanest parks, streets, empty lots that rival Japan? Elderly fuckers on very limited income have a crew appear to cut the lawn and shit?

      Hire ex-military fuckers to act as supervisors. Those who perform well earn more. Fuck-offs risk losing the job.

      Shit can be done properly.
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:07 PM - Hide
    • Guess it really was.
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:09 PM - Hide
    • oh no. how will i ever survive with out the Limited?
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:10 PM : Edited 01/07/2017 07:15 PM - Hide
    • The Obama economy will mercifully be put behind us.
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:15 PM - Hide
    • trump will make them stay open. I believe that.
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:30 PM - Hide
    • . posted:
      trump will make them stay open. I believe that.

      :lol: why don't you tap your heels together and say it will be so!
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:36 PM - Hide
    • How's that Service Economy the globalists sold us working out? :lol:
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:37 PM - Hide
    • In 1912, Bella Cabakoff emigrated with her parents from Russia to Columbus, Ohio, to escape persecution. At 21, she became the youngest buyer for the Lazarus department store chain. However, after spending over 20 years with Lazarus, in 1951 she and her husband Harry Wexner opened a women's clothing store named Leslie's (after their son) on State Street. This store became the training ground for Leslie Wexner. In 1963, he borrowed $5,000 from his aunt and $5,000 from the bank and opened a store at the Kingsdale Shopping Center in Upper Arlington.[1] This store was named "The Limited" because the store focused on clothing for younger women, unlike his parents' general merchandise store. Later in 1964, Bella and Harry closed their store to join their son in his venture.

      The original board consisted of only the three family members and longtime friend of Harry and Bella, Jim Waldron (who served as senior vice president): Bella Wexner (who served as secretary until her death in 2001), Harry as chairman (who served until his death in 1975), and Leslie, who succeeded his father as the chairman and later became CEO. He and his family continue to control 17% of LTD. In 1969, Wexner took Limited Brands public, listed as LTD on the NYSE. In 1977, The Limited moved into its main headquarters on Morse Road in Columbus, Ohio. In 2009, The Limited's headquarters moved to New Albany, Ohio, where it still operates today.

      The 1980s started a string of acquisitions: In 1982, the Victoria's Secret brand, store, and catalogue were purchased from Roy Raymond for $1 million.[2] Also in 1982, 207 Lane Bryant stores were purchased. In 1985, a single Henri Bendel store was purchased for $10 million and 798 Lerner stores for $297 million. Finally, in 1988, 25 Abercrombie & Fitch stores were purchased for $46 million. The Limited then phased out its ownership of the A&F brand in 1996, when it was spun off into a publicly traded company. In 1980, Limited founded Limited Express, now known as Express.[3]

      The 1990s included the initial development of the Limited Too (which was renamed Justice in 2008),[4] Bath & Body Works, Structure, and Victoria's Secret Beauty.[3] Galyan's, a sporting goods store, was also purchased. Later in 1998, several Bath & Body Works stores were converted to The White Barn Candle Company stores to begin a home fragrance brand.

      On August 3, 2007, Limited Brands transferred 75% ownership of its flagship Limited chain to buyout firm Sun Capital Partners Inc. In 2010, the remaining shares were sold to Sun Capital Partners Inc.[5]

      In 2013, Diane Ellis, president and chief operating officer of Brooks Brothers, became the CEO of The Limited. [6] In October 2016, she then left The Limited to join Chico's leaving CFO John Buell to serve as interim CEO. [7]

      At the end of 2016, The Limited laid off a significant portion of its corporate workforce [8] and women's fashion brand Altar'd State announced John Buell would be joining their team as CFO.[9] As of the end of 2016, The Limited stores began selling inventory at significant discounts with signage indicating "all sales are final".[10]

      The company announced that they will close all of their stores after January 8, 2017.[11]
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    • .fuck you op
    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:39 PM - Hide
    • . posted:
      In 1912, Bella Cabakoff emigrated with her parents from Russia to Columbus, Ohio, to escape persecution. At 21, she became the youngest buyer for the Lazarus department store chain. However, after spending over 20 years with Lazarus, in 1951 she and her husband Harry Wexner opened a women's clothing store named Leslie's (after their son) on State Street. This store became the training ground for Leslie Wexner. In 1963, he borrowed $5,000 from his aunt and $5,000 from the bank and opened a store at the Kingsdale Shopping Center in Upper Arlington.[1] This store was named "The Limited" because the store focused on clothing for younger women, unlike his parents' general merchandise store. Later in 1964, Bella and Harry closed their store to join their son in his venture.

      The original board consisted of only the three family members and longtime friend of Harry and Bella, Jim Waldron (who served as senior vice president): Bella Wexner (who served as secretary until her death in 2001), Harry as chairman (who served until his death in 1975), and Leslie, who succeeded his father as the chairman and later became CEO. He and his family continue to control 17% of LTD. In 1969, Wexner took Limited Brands public, listed as LTD on the NYSE. In 1977, The Limited moved into its main headquarters on Morse Road in Columbus, Ohio. In 2009, The Limited's headquarters moved to New Albany, Ohio, where it still operates today.

      The 1980s started a string of acquisitions: In 1982, the Victoria's Secret brand, store, and catalogue were purchased from Roy Raymond for $1 million.[2] Also in 1982, 207 Lane Bryant stores were purchased. In 1985, a single Henri Bendel store was purchased for $10 million and 798 Lerner stores for $297 million. Finally, in 1988, 25 Abercrombie & Fitch stores were purchased for $46 million. The Limited then phased out its ownership of the A&F brand in 1996, when it was spun off into a publicly traded company. In 1980, Limited founded Limited Express, now known as Express.[3]

      The 1990s included the initial development of the Limited Too (which was renamed Justice in 2008),[4] Bath & Body Works, Structure, and Victoria's Secret Beauty.[3] Galyan's, a sporting goods store, was also purchased. Later in 1998, several Bath & Body Works stores were converted to The White Barn Candle Company stores to begin a home fragrance brand.

      On August 3, 2007, Limited Brands transferred 75% ownership of its flagship Limited chain to buyout firm Sun Capital Partners Inc. In 2010, the remaining shares were sold to Sun Capital Partners Inc.[5]

      In 2013, Diane Ellis, president and chief operating officer of Brooks Brothers, became the CEO of The Limited. [6] In October 2016, she then left The Limited to join Chico's leaving CFO John Buell to serve as interim CEO. [7]

      At the end of 2016, The Limited laid off a significant portion of its corporate workforce [8] and women's fashion brand Altar'd State announced John Buell would be joining their team as CFO.[9] As of the end of 2016, The Limited stores began selling inventory at significant discounts with signage indicating "all sales are final".[10]

      The company announced that they will close all of their stores after January 8, 2017.[11]

      https://en.wikipedia.org/wiki/The_Limited
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:41 PM - Hide
    • retail is a very hard business. In the late 80s many retail stores died too. there was no internet there either.
      sometimes the customers outgrow the store and they just don't attract new blood.
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:43 PM - Hide
    • . posted:
      retail is a very hard business. In the late 80s many retail stores died too. there was no internet there either.
      sometimes the customers outgrow the store and they just don't attract new blood.

      Sears is the walking dead.
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:45 PM - Hide
    • ITS THE SUMMER OF RECOVERY! GREEN SHITZ!
      \
      :lib:
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:47 PM - Hide
    • . posted:
      The Jews that founded and owned Limited, sold it off to Sun Capital Partners in 2010.

      Is that a teacher's pension fund?
      :Schlomo:
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:48 PM - Hide
    • . posted:
      They're trying to sell shit made in China for $0.55 to Americans for $40. Not enough dumb Americans to support that kind of model.

      If it's made in China and it doesn't run on 120 volts, I get it on ebay directly from China for 50-60% of retail. I just have to wait a few weeks.

      The best part? No tax. The government wants retailers to go belly-up. :lol:
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:49 PM - Hide
    • IF YOU WORK THERE START STEALING SHIT NOW!
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 07:50 PM - Hide
    • . posted:
      . posted:
      The Jews that founded and owned Limited, sold it off to Sun Capital Partners in 2010.

      Is that a teacher's pension fund?
      :Schlomo:

      Sun Capital Partners, Inc. is an American privately held global investment firm focused on leveraged buyouts, equity, debt, and other investments. The company has invested in more than 330 companies worldwide with combined sales in excess of $45 billion since Sun Capital's founding in 1995[1] and has offices in Boca Raton, Florida.[1]

      Sun Capital has over $9 billion of capital under management and often provides financing for the full purchase price at closing and then later raising long-term debt financing.[1] Sun Capital targets companies with up to $3 billion in sales but often completes transactions with businesses with sales in the range of $50 million and $500 million. Sun Capital claims that due to their high staffing levels, they can close deals sooner than their competitors, but they do not provide any independent research or data to support this claim.[1]

      The firm's portfolio includes Boston Market, Coveris, Marsh Supermarkets, The Limited clothing stores, Shopko discount store chain, Smokey Bones and Hickory Farms.[citation needed]

      2006: Completed 33 transactions (both portfolio and add-on acquisitions) among which is Marsh Supermarkets of Indianapolis, Indiana, the owner/operator of 128 supermarkets/food stores, and 400 Village Pantry/Worsley convenience stores, among other divisions.[2]
      2008: Sun Capital completed 26 transactions including a majority interest in Gordmans, a department store chain headquartered in Omaha, Nebraska.[3]
      2011: Sun Capital completed 33 transactions including an investment in The SCOOTER Store, acquired NextPharma (UK), Polestar UK Print, the Britton Group, Vitro America, Contessa Premium Foods and Scotch and Soda (clothing), an Amsterdam-based clothing manufacturer/retailer and Kobusch-Sengewald, a German-based packaging provider. Sun Capital has also exited Bruegger's Bagels which was acquired by Groupe Le Duff and Big 10 Tires which was acquired by Pep Boys.[citation needed]
      2012: Sun Capital completed 30 transactions including Strauss Innovation, a Germany-based home furnishing and apparel retailer, American Golf UK clothing retailer Bonmarché, CornerStone Research & Development, Certified Power and ELIX Polymers. Sun Capital has also exited Thermasys which was acquired by Wellspring Capital Management, Del Monte Canada was sold to ConAgra Foods and Raybestos Powertrain was sold to Monomoy Capital Partners, FRS was sold to Park-Ohio Holdings, Sonneborn was sold to One Equity Partners and Fearmans Pork was sold to Sofina Foods.[citation needed]
      2013: Sun Capital completed eighteen acquisitions, eight exits and two IPOs. Some transactions include: Johnny Rockets was sold to Sun Capital Partners in 2013.[4] A majority stake in food packaging company Paragon Print and Packaging was also acquired by Sun Capital Partners in 2013.[5]
      2014 Sun Capital completed the acquisitions of ADTI, Aclara and Robertshaw. Sun Capital exited Wabash, Farfield Companies, Certified Power, Cornerstone, Manoir Aerospace, Emerald Performance Materials, DBA Apparel[6] and Chicago Leisure.
      2015 Sun Capital completed the acquisitions of Critical Flow Solutions, Flabeg, Flexitech and Flamingo Horticulture. Sun Capital exited Point Blank, VPS, Fazolis, Vari-Form, Hickory Farms, Polestar and Loud Technologies, Inc.

      https://en.wikipedia.org/wiki/Sun_Capital_Partners
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 08:00 PM - Hide
    • . posted:
      Another Jew store bites the dust :thumbup:

      The jew Leslie Wexmer sold The Limited and is still chairman of L Brands, one of the most successful retail conglomerates in the world.
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    • Local milk person
    • Re: Limited will close all stores at end of business Saturday
      Posted 01/07/2017 08:06 PM - Hide
    • . posted:
      . posted:
      Another Jew store bites the dust :thumbup:

      The jew Leslie Wexmer sold The Limited and is still chairman of L Brands, one of the most successful retail conglomerates in the world.

      Leslie Wexner started working in his Parent's clothing store. While they were away on vacation he analyzed the profit and loss vs. margins on the Women's clothing that they sold. He found that although higher priced clothing (e.g. jackets) cost more money, they sold less often than blouses which sold at a faster rate. When he told his father this his father was not interested in changing his inventory.

      In 1963, Wexner was loaned $5,000 from his aunt to start The Limited (so named because the store focused on a limited amount of merchandise that turned over quickly and had a higher profit margin, unlike his parent's store).

      Over the years he built a retailing and marketing conglomerate, which currently includes: Victoria's Secret, Pink (Victoria's Secret), Bath & Body Works, Henri Bendel, The White Barn Candle Company, and La Senza. Previous brands that have spun off include: Lane Bryant, Abercrombie & Fitch, Lerner New York, The Limited Too (now Tween Brands, Inc.), Structure 9, Aura Science, The Limited, and Express.
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