Victoria's Secret to close more than 50 North American stores
Things have gotten so bad at Victoria’s Secret that its parent company is tightening the purse strings, including shuttering dozens of underperforming locations. L Brands Inc., owner of the lingerie chain, announced Wednesday plans to close about 53 Victoria’s Secrets in North America this year, more than three times the 15 it’s historically closed down in an average year. Victoria’s Secret square footage in North America will drop by about 3 percent, it said, even as it […]
