Pros
Great learning curve with challenges and senior responsibilities given. Great team work in the design team overall. Constantly updating product lines, so as a designer you don't get bored. Work hard and speak up and you'll see the change happening, just be patient. Great network and connections. Good benefits, great orientation and welcoming to company. Higher pay compared to competition especially if you are a manager. Constantly growing company, they hire top talent, so can learn from great people. They educate designers with trend shows, classes etc... If you're willing to work and grow, work hard and may have growth (takes about 5 years to get your first promotion) Great products and Employee discount at all Limited brands stores. Great cross-functional teams.
Cons
I was unfortunate to have a horrible manager (he is not there anymore), however I spoke up and my director supported me (at least I felt that he did). Fast to market, so you need to be fast, hardworking and on top of your game. Need to work over 40 hours almost every week. Risk of getting burnt out because of the fast environment- probably that's why the pay is higher. You need to be dedicated and be flexible, so your work and life balance may suffer. There maybe a risk of over-promising, so make sure promises given is held. There is a communication problem generally in the company (maybe caused by speed to market strategy)