Victoria's Secret owner plans store closures in U.S., Canada

Dozens of Victoria’s Secret stores, including some in Canada, are being earmarked for closure as owner L Brands looks to shore up poor financial performance at the lingerie chain. The announcement came amid the release of L Brands’ fourth-quarter results, which showed that adjusted operating income at Victoria’s Secret’s North American operations fell by 35 per cent in the quarter and was down by 45 per cent for the 2018 fiscal year as expenses rose while sales remained f