Well, it looks like the secret is out. Yesterday, L Brands announced plans to close 53 Victoria's Secret stores across Canada and the United States sometime in the next year.
The decision follows the release of L Brands' fourth-quarter results, which show a sharp decline in sales and store performance.
They haven't announced which locations will close yet or when exactly they plan to shut them down, but I have to say, I'll be pretty crushed if they get rid of the one near me.
We'll let you know if and when they release a list of the stores they plan to close. No matter what, you can keep shopping online – so it might be a good idea to go to Victoria's Secret and get measured one last time. That way, you know your size if you do have to start ordering online.
It should be noted that gift cards purchased in Canadian VS stores cannot be used to shop online so it might not be a bad idea to use them up soon in case your local store is on the chop list.
That's a really good point. Thanks for passing this on!
Going tits up?