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the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: NewtonMP2100
Date: May 20, 2020 11:02PM
....and 50 'Bath & Body Works' stores.....


........they were already losing share to other intimate brands.....think another bankruptcy is coming.....


Victoria's Secret to close about 250 stores in the U.S. and Canada, Bath & Body Works to close 50

.....Victoria’s Secret plans to permanently close approximately 250 stores in the U.S. and Canada in 2020, its parent company L Brands announced Wednesday.

L Brands also plans to permanently close 50 Bath & Body Works stores in the U.S. and one in Canada, according to information the company posted online as part of its quarterly earnings. L Brands will discuss its earnings with analysts Thursday morning.

L Brands' total company sales declined 37% in the quarter that ended May 2. Almost all of the company’s stores have been closed since March 17 due to the COVID-19 pandemic.

The news comes a day after Pier 1 Imports announced plans to shutter all its remaining stores and two days after J.C. Penney unveiled it will close 242 stores as part of its bankruptcy.

Victoria’s Secret has 1,091 stores in the U.S. and Canada with 909 U.S. Victoria’s Secret stores and 144 Pink stores. The company says it will close 235 U.S. Victoria’s Secret and three Pink stores. It also plans to close 13 of its 38 stores in Canada.

In February, L Brands announced a deal to sell 55% of Victoria’s Secret to Sycamore Partners, a New York private equity firm. After the pandemic struck, Sycamore went to court to back out of the deal and in early May, both parties called it off.



long......lost......secret........?!



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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: Acer
Date: May 21, 2020 12:00AM
It's easy to lose your shirt in that business.
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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: Filliam H. Muffman
Date: May 21, 2020 12:24AM
It would have been designated an essential business, but they used their typical designers for the face masks.





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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: Speedy
Date: May 21, 2020 01:43AM
smiley-shocked003



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: ztirffritz
Date: May 21, 2020 03:35AM
You know, Victoria’s Secret 50% off sales are never as exciting as I expect.



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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: Sam3
Date: May 21, 2020 04:02AM
With obesity on the rise, Victoria's Secret is catering to an ever decreasing body type.



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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: robfilms
Date: May 21, 2020 09:56AM
more store closings = more job loses

not good.

sigh.

stay well.

rob
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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: Lew Zealand
Date: May 21, 2020 12:00PM
Quote
Sam3
With obesity on the rise, Victoria's Secret is catering to an ever decreasing body type.

Which is a shame as obesity makes all their existing stock ever more revealing.
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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: RAMd®d
Date: May 21, 2020 01:26PM
With obesity on the rise, Victoria's Secret is catering to an ever decreasing body type.


A body type often eschewed by the 'She needs another sammich!' crowd.




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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: rz
Date: May 21, 2020 04:20PM
Quote
Sam3
With obesity on the rise, Victoria's Secret is catering to an ever decreasing body type.

Yeah, my wife is a little bit outside of their demographic. Although I do remember fondly buying some lingerie there for a girlfriend about 30 years ago. I was trying to decide what size to buy, and the salesgirl was trying to help. I told her, "she's about your size, but with MUCH larger b00bs..."



Edited 1 time(s). Last edit at 05/21/2020 04:21PM by rz.
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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: Speedy
Date: May 21, 2020 11:46PM
Quote
Sam3
With obesity on the rise, Victoria's Secret is catering to an ever decreasing body type.

My daughter-in-law weighs in at about 275 pounds and is 5’ 8” tall. Victoria’s Secret hired her in a second as a sales clerk in one of their stores. She says she gets all the plus size customers.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: Racer X
Date: May 22, 2020 12:44AM
that's pretty cool Speedy.

What I find goofy is their "Pink" line is for college and younger, more or less. No problem adding that line. But they refuse to make a Plus sized branding that is geared to more than half of the female population. Not necessarily heavy either. My partner is right at that odd center of the 4 squares of regular/tall large/XL I am too, in men's, so I get her constant frustration.



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Re: the secret of my success?!.....'Victoria's Secret' closing 250 stores.....
Posted by: Robert M
Date: May 25, 2020 09:02AM
Hi everyone,

My wife shops at Victoria's Secret. I've had to cope, I mean, go with her. They sell products geared for a much wider variety of bodies than what I see implied in this thread. Ultra-slim model types. Thick types. Thin petite. Thick petite. Plain 'ol all-American average. You name it.

Robert
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