Victoria’s Secret permanently closes 250 US and Canada stores due to Coronavirus

Victoria’s Secret’s parent company announced on Wednesday that it plans to permanently close approximately 250 stores across the U.S. and Canada in a commentary alongside their first-quarter earnings report. L Brands will also be permanently shutting down 50 Bath & Body Works stores in the U.S. and one in Canada.

 

“As part of our strategy to increase shareholder value, we remain committed to establishing Bath & Body Works as a pure-play public company, and we are taking the necessary steps to prepare the Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK businesses to operate as a separate, standalone company,” the company said.

 

About Abu Sillah

Abu is a Journalist, Marketing Consultant, & PR Specialist from Prince George's County, MD. He is the CEO of The DMV Daily and Marketing Manager of The Wig Café, LLC. In May 2018, Abu obtained his B.A. in Sociology from the University of Maryland Eastern Shore and is now attending Bowie State University for his M.A. in Organizational Communications.

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