L Brands, Inc. operates in the specialty retail business. The Company is a specialty retailer of women�s intimate and other apparel, beauty and personal care products and accessories. The Company operates in two segments: Victoria�s Secret and Bath & Body Works. The Company sells its merchandise through Company owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based, and through its Websites, catalogue and other channels. The Company's other international operations are primarily through franchise, license and wholesale partners. The Company�s retail brands include Victoria�s Secret, PINK, PINK, La Senza and Henri Bendel. The Company operates in two reportable segments: Victoria�s Secret and Bath & Body Works. As of February 1, 2014, it operates 2,648 retail stores located in leased facilities, primarily in malls and shopping centers, throughout the United States.