Victoria’s Secret
Victoria’s Secret is projected to close more stores in the next two years, following the closure of 250 stores in the United States and Canada last year. Victoria’s Secret CEO Stuart Burgdoerfer openly addressed the impending closings on an earnings call with investors in May 2020. According to USA Today, he stated, “We will anticipate a considerable amount of incremental store closures outside of the 250 that we’re targeting this year, implying that there will be more in 2021 and possibly a little more in 2022.”
Victoria’s Secret
Gap
Gap intends to dramatically cut its physical presence during the next two years. Gap Inc. announced in October 2020 that it would close 220 Gap shops across North America by the end of 2023. The store closures are part of the retailer’s goal to shift away from malls and focus on city centers and stores.
Gap
