Segment Information
 3 Months Ended
May 04, 2013
Segment Information [Abstract]  
Segment Information
Segment Information
The Company has two reportable segments: Victoria’s Secret and Bath & Body Works.
The Victoria’s Secret segment sells women’s intimate and other apparel, personal care and beauty products under the Victoria’s Secret and PINK brand names. Victoria’s Secret merchandise is sold through retail stores, its website, www.VictoriasSecret.com, and its catalogue.
The Bath & Body Works segment sells personal care, beauty and home fragrance products under the Bath & Body Works, C.O. Bigelow, White Barn Candle Company and other brand names. Bath & Body Works merchandise is sold at retail stores and through its website, www.BathandBodyWorks.com.
Other consists of the following:
•
International retail, franchise, license and wholesale operations, which include the company-owned La Senza and Bath & Body Works stores in Canada and Victoria’s Secret stores in Canada and the United Kingdom;
•
Mast Global, a merchandise sourcing and production function serving the Company and its international partners;
•
Henri Bendel, a chain of specialty stores which feature accessories and personal care products; and
•
Corporate functions including non-core real estate, equity investments and other governance functions such as treasury and tax.
The following table provides the Company’s segment information for the first quarter 2013 and 2012:
 
Victoria’s
Secret
 
Bath &
Body Works
 
Other
 
Total
 
(in millions)
2013
 
 
 
 
 
 
 
First Quarter:
 
 
 
 
 
 
 
Net Sales
$
1,505

 
$
530

 
$
233

 
$
2,268

Operating Income (Loss)
260

 
72

 
(21
)
 
311

2012
 
 
 
 
 
 
 
First Quarter:
 
 
 
 
 
 
 
Net Sales
$
1,470

 
$
505

 
$
179

 
$
2,154

Operating Income (Loss)
278

 
60

 
(45
)
 
293



The Company’s international sales, consisting of La Senza, Victoria's Secret Canada, Bath & Body Works Canada and Victoria's Secret UK retail sales; non-U.S. franchise, license and wholesale operations; and direct sales shipped internationally, totaled $251 million and $196 million for the first quarter of 2013 and 2012, respectively.