Victoria's Secret is closing up to 50 more stores this year
CNN
Victoria's Secret is continuing to shrink its store count. Its parent company L Brands announced that it plans to permanently close between 30 to 50 stores in the United States and Canada this year.
The reduction comes after it closed 241 stores in 2020, leaving it with 848 stores across the two countries. This time a year ago, it had more than 1,100 locations. L Brands warned last year that it would close more Victoria's Secret locations, leaving the beleaguered lingerie retailer's future murky after plans to spin it off fell through. L Brands still plans to offload Victoria's Secret.
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