Marketing

Victoria's Secret to shutter more stores this year

Photo by istock.com

March 1, 2021

After closing more than 200 stores in 2020, high-end lingerie retailer Victoria's Secret aims to close several dozen more in 2021.

The brand could shutter between 28 to 46 U.S.-based stores, according to company statements during an earnings report last week.

Meanwhile, another retailer owned by Victoria Secret's parent company, L Brands, is expanding. Bath & Body Works, according to a Fox Business report, aims to open 49 locations in the U.S. as well as one in Canada.