Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 2:02 AM EST December 01 2007
The specialty retailer reported a 48% drop in income to $12.1 million or 3 cents a share, driven by Victoria''s Secret Direct and the challenges related to the distribution center. The firm reviewed downwards its earnings outlook due to a drop in projections across all segments as a result of the difficult environment and negative traffic trend. The firm is now reevaluating its timing and approach to ongoing technology initiatives in order to minimize the disruptions to the business.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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