The parent company of Victoria’s Secret and Bath & Body Works stated that hundreds of locations across the United States and Canada will be closed permanently as retailers deal with the fallout created by the COVID-19 pandemic.
L. Brands, the owner of the two firms, said in a statement (pdf) that about 250 Victoria’s Secret and 50 Bath & Body Works locations will be shuttered as part of their strategy to stay afloat during the pandemic amid plunging sales.
