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

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

  • PublishedMay 21, 2020

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.

 

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