Victoria’s Secret To Close 53 Stores

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(CNN) — Victoria’s Secret plans to close 53 stores this year as more women desert the brand for lingerie startups and big retailers.
Sales at stores open at least a year fell 7 percent during Victoria’s Secret’s most recent quarter, parent company L Brands said Wednesday. The company’s other flagship brand, Bath and Body Works, did well.
Other retailers, including Walmart and Best Buy, have performed strongly in recent months. And