Victoria’s Secret is closing more stores. Parent company L Brands announced it plans to close up to 50 locations this year in the U.S.
and Canada. That’s not nearly as severe as the 241 stores the lingerie retailer closed in 2020. [TRENDING: How plants solve rapes, murders | Swastikas found on Fla.
playground | Proposal seeks major changes to Bright Futures] The move comes after L Brands’ plan to spin off Victoria’s Secret fell through.
The company still plans to offload the retailer in a matter of months. It’s investing instead in the company’s stronger brand Bath & Body Works, which will see about 50 new stores open.