2013 INVESTOR HANDOUT

KEY MESSAGES
    We have global, category-leading brands with high emotional content that generate substantial income and cash flow Our overriding focus is on the substantial growth opportunity in North America We believe there is substantial opportunity for international growth and expect it to be accretive to the total company operating margin We are targeting 10% annual operating income $ growth (or better) and an operating income rate in the high-teens We continue to emphasize maintaining a strong cash and liquidity position while optimizing our cost of capital We will continue to manage inventory, expenses and capital with discipline We remain committed to returning excess cash and generating superior returns for shareholders
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SUPERIOR RETURNS TO SHAREHOLDERS

3-year Total Return
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Fast Retailing TJX Home Depot L Brands Foot Locker Inditex Gap Giordano Ascena Retail Group Buckle Chico's Ralph Lauren Bed Bath & Beyond Wal-Mart Stores Walgreen Co. Tiffany & Co. H&M Ann Inc. Best Buy American Eagle Children's Place Target Coach bebe Staples Abercrombie & Fitch Esprit Holdings Li & Fung Aeropostale S&P 500 S&P Retail Index 51.7 43.7 35.9 35.5 31.4 30.9 23.7 20.7 19.6 19.4 18.8 17.9 17.9 16.3 16.3 16.1 14.7 12.2 8.9 6.0 4.5 4.2 2.4 0.1 (8.7) (15.8) (21.1) (21.7) (28.1) 15.8 24.0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

5-year Total Return
L Brands TJX Ann Inc. Foot Locker Chico's Giordano Ascena Retail Group Tiffany & Co. Inditex Home Depot Ralph Lauren Fast Retailing Buckle Gap Bed Bath & Beyond Coach Children's Place Walgreen Co. H&M Target American Eagle Li & Fung Best Buy Wal-Mart Stores Abercrombie & Fitch bebe Staples Aeropostale Esprit Holdings S&P 500 S&P Retail Index 54.2 44.5 44.2 43.3 36.4