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

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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.

 

Abu Sillah is Business Owner from Prince George's County, MD. He serves as the CEO of The DMV Daily and Marketing Manager of The Wig Cafe. Outside of business and media, Abu is a middle school teacher and Promotions Assistant for RadioOne DC. He has a B.A. in Sociology from the University of Maryland Eastern Shore and an M.A. from Bowie State University. Abu is very passionate about 3 things: media, working with kids and uplifting others,

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