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Victoria’s Secret to close 53 stores as poor Christmas sales bite

Victoria’s Secret is closing 53 stores in North America.  L Brands Inc., owner of the lingerie chain, announced Wednesday plans to close about 53 Victoria’s Secrets in North America this year, more than three times the 15 it’s historically closed down in an average year. Victoria’s Secret square footage in North America will drop by about 3 per cent, it ... Read More »