Limited Brands to Cut Capital Spending

New York City Limited Brands said Wednesday it plans to cut back on the number of real estate projects.

The company plans to pull back on the number of projects vs. its initial projection by about 35% in 2008 and plans to curtail capital spending further in 2009 with project counts expected to be down significantly vs. 2008, executive VP and chief administrative officer Martyn Redgrave at the company's analyst meeting.