Westfield Trumbull mall Between the 50 projected for 2020 and the 241 stores shuttered last year, Victoria s Secret will have 848 locations after the smoke clears.
The earnings report stated that plans to separate Victoria s Secret remain in place. L Brands fourth quarter ended Jan. 30, 2021.
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The company reported net sales of $4.818 billion for quarter, compared to net sales of $4.707 billion for the fourth quarter a year ago. Comparable sales increased 10 percent, with a 22 percent increase at Bath & Body Works and a 3 percent decrease at Victoria s Secret.
L Brands said it will be expanding Bath & Body Works by about 50 stores in North America, but that comes with a twist. The company said that its future points almost entirely to off-mall locations and that could spell doom for 20 to 40 mall locations.
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By Gimpy
Dec 10, 2020
You can t even trust Santa nowadays. In Connecticut at the Post Mall, 45 year old Prince Carter was on his break as a mall Santa when he hugged and grabbed his underage co-worker in the break room. That s where he allegedly exposed himself to the girl as well. Feeling creeped out, she called the cops about a possible sexual assault. They came to the mall and arrested Mr. Carter on risk of injury to a minor and sexual assault. He was freed on a $25,000 bond.