Census data shows the impacts of the pandemic on U.S. small businesses. COLUMBUS, Ohio - Victoria’s Secret's parent company said Wednesday it plans to permanently close approximately 250 stores in the U.S.
and Canada in a commentary alongside its first-quarter earnings report. L Brands will also permanently shut 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.