Retail stores that are closing in 2020

Is your favorite retailer going out of business this year?

Victoria’s Secret

Credit: Wikimedia Commons / Kamingzou Shinwoods

Fashion retailer L Brands announced in May that it’s closing 235 Victoria’s Secret stores in the U.S. and 15 Victoria’s Secret locations in Canada. The closings would take place over the next several months and additional closures were anticipated. “We would expect to have a meaningful number of additional store closures beyond the 250 that we’re pursuing this year, meaning there will be more in 2021 and probably a bit more in 2022,” said interim Victoria’s Secret CEO Stuart Burgdoerfer, after it was revealed that L Brands’ total company sales declined 37% in the quarter that ended May 2nd.

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