Thursday, February 28, 2019

Victoria’s Secret to close about 53 stores on heels of weak holiday performance

Chain Store Age
L Brands reported mixed results for its crucial fourth quarter amid falling sales at its embattled Victoria’s Secret division.

The retailer plans to close approximately 53 underperforming Victoria’s Secret locations in North America this year. The lingerie chain currently has some 957 U.S. stores. Victoria’s Secret same-store sales have fallen for the past three years.  . . . more