L Brands to shutter 53 Victoria’s Secret stores this year

L Brands is intending to close about 53 of its Victoria’s Secret stores this year. The parent company for the lingerie chain is scaling back on investing in new and remodeled stores, and accelerating closure plans from its prior average of about 15 per year, according to CNBC. The closures planned for 2019 comprise about 4 percent of the 1,143 Victoria’s Secret stores around the world. Victoria’s Secret is currently the weakest part of L […]

source https://therealdeal.com/2019/03/02/l-brands-to-shutter-53-victorias-secret-stores-this-year/