Large Corporations Have Been Closing Down Their Stores Across The Country

Victoria’s Secret

Victoria’s Secret is likely to close more locations in the next two years, following the closure of 250 outlets in the United States and Canada last year. Victoria’s Secret CEO Stuart Burgdoerfer officially addressed the planned closings on an earnings call with investors in May 2020. According to USA Today, he stated, “We will anticipate a substantial amount of incremental store closures outside of the 250 that we’re targeting this year, implying that there will be more in 2021 and perhaps a little more in 2022.”

Victoria’s Secret