Victoria’s Secret closing 250 stores across U.S. and Canada

National

COLUMBUS (WCMH) – L Brands has announced that 250 Victoria’s Secret stores in the United States and Canada will close.  

The company made the announcement Wednesday in their first-quarter fiscal report.  

CNBC reported that Victoria’s Secret saw a 46% loss in sales in the first fiscal quarter that ended May 2. 

Earlier this month, Columbus-based L Brands terminated the sale of Victoria’s Secret to Sycamore Partner after the firm filed a lawsuit in April to get out of the deal. 

In addition, L Brands announced it is continuing steps to spin off the Victoria’s Secret brand as its own company. 

The deal to sell the Victoria’s Secret brand was reached in February before the coronavirus forced the company’s stores to temporarily shut down. 

OTHER STORIES FROM WFRV LOCAL 5

Local Weather | Local News | Local Sports
Digital Exclusives | Critic at Large/Local Theater
Positively Wisconsin|Midwest Farm Weekly
Download the free WFRV apps here

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

More Don't Miss

Coronavirus News

More Coronavirus

Trending Stories

Your Local Election HQ

More Election

Local Sports

Appleton's AJ Powell gets Masters experience at Drive, Chip, & Putt

High School Volleyball Regionals: Appleton North girls, boys advance

HS Football: De Pere ends Bay Port's 38-game conference win streak, full Friday highlights

One-on-one with Green Bay United state swimming champ Brigitta Neverman

Titans taking advantage of opportunities during spring

Kimberly's Lucky Wurtz retires as head boys basketball coach