Intimate Brands tells '98 plans

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Intimate Brands, Columbus, Ohio, said it is closing its money-losing 118-store Cacique lingerie business to concentrate resources on its Victoria's Secret and Bath & Body Works stores in 1998. It said it would open 85 new Victoria's Secret stores this year, compared to 53 new stores opened last year, including 35 free-standing Victoria's Secret Bath & Fragrance and 10 Victoria's Secret hosiery stores. Bath & Body Works plans to open 180 new stores in 1998, compared to 170 new stores opened in 1997.

Copyright January 1998, Crain Communications Inc.

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