The Morning Breeze

The Morning Breeze

The Morning Breeze on 98.1 The Breeze in San FranciscoFull Bio

 

Victoria’s Secret Sales Tumble And 250 Stores Are Set to Close!

The parent company of Victoria’s Secret, L Brands, announced plans to close 250 stores across the United States and Canada.

L Brands reported significant losses due to the coronavirus pandemic, with Victoria’s Secret total sales falling 46% during the first fiscal quarter that ended May 2.

Additionally, Victoria’s Secret is known for its bedazzled push up bras and stylish lingerie — both of which are a part of a shrinking market. As many people have shifted in recent years to more comfortable clothing, sports bras have seen a rise in popularity — accounting for one-third of millennials’ bra spending in 2018.

They have yet to release the list of stores that are closing.


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