The parent company of Victoria's Secret and Bath & Body Works will close some 300 locations across North America
L Brands announced in a first-quarter earnings report that it will shutter approximately 250 Victoria’s Secret and 51 Bath & Body Works stores in the United States and Canada.
During the first quarter that ended May 2, L Brands sales dropped 37%.
Nearly all its stores have been closed since March 17 due to the coronavirus pandemic.
The company said it is working to reopen stores that have been closed because of the coronavirus.
