New York City Limited Brands, the parent of Victoria's Secret and Bath & Body Works, could double its $9 billion in U.S. sales during the next five years, chief executive Leslie Wexner said at a meeting with analysts and investors in Manhattan on Wednesday.
The chain also has the potential to reap another $20 billion in sales outside of North America, according to Wexner.
“The opportunity in international is significant,” Wexner said at the meeting. “There’s profitability there.”
Limited Brands will open its first traditional store outside of North America in 2010, a Victoria’s Secret flagship in London.