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Victoria's Secret
by 8DonCo Fri May 22, 2020 7:26 am
Victoria's Secret, Bath & Body Works closing stores in Canada, U.S. as retailers struggle
TORONTO -- The parent company of Victoria's Secret and Bath & Body Works says hundreds of locations in Canada and the U.S. are permanently closing as retailers struggle to stay afloat during the COVID-19 pandemic.
On Wednesday, L Brands announced that approximately 250 Victoria's Secret and 51 Bath & Body Works stores will close as part of their go-forward strategy to survive amid falling sales.
The company will reportedly close 13 of its 38 Victoria's Secret stores in Canada with the remaining closures taking place in the U.S. and only one of its Bath & Body Works locations.
L Brands reported their total company sales declined 37 per cent in the first quarter ending May 2. Almost all of their stores have been closed since March 17 in response to the pandemic.
The announcement came a day after the U.S. retail chain Pier 1 revealed they are going out of business and closing all 540 of its stores in the U.S. and Canada.
L Brands' plan to close stores is just the latest sign of the devastating toll the health emergency is taking on retailers around the world.
Earlier this month, the Canadian footwear retailer Aldo and the Canadian fashion chain Reitmans both filed for creditor protection and went into restructuring.
Other established brands have taken a hit too, such as Neiman Marcus and J. Crew, both of which filed for bankruptcy in early May.
Retail consultant Doug Stephens said the COVID-19 pandemic is exposing existing vulnerabilities in businesses.
"Much as it does with human beings, it finds pre-existing conditions or underlying ailments in companies as well," he told CTV's Your Morning on Thursday. "Some of those may be that a company is carrying too much debt, that they're too reliant perhaps on physical stores, or in some cases, it's just brands that have had trouble sort of finding their positioning for years."
As many physical stores remain shuttered and consumers' shopping habits change amid the pandemic, Stephens said he expects more companies to follow suit.
"I think that as this crisis progresses and as brands come under the stress of this crisis as it protracts, I think we are going to see more brands follow suit," he said.
TORONTO -- The parent company of Victoria's Secret and Bath & Body Works says hundreds of locations in Canada and the U.S. are permanently closing as retailers struggle to stay afloat during the COVID-19 pandemic.
On Wednesday, L Brands announced that approximately 250 Victoria's Secret and 51 Bath & Body Works stores will close as part of their go-forward strategy to survive amid falling sales.
The company will reportedly close 13 of its 38 Victoria's Secret stores in Canada with the remaining closures taking place in the U.S. and only one of its Bath & Body Works locations.
L Brands reported their total company sales declined 37 per cent in the first quarter ending May 2. Almost all of their stores have been closed since March 17 in response to the pandemic.
The announcement came a day after the U.S. retail chain Pier 1 revealed they are going out of business and closing all 540 of its stores in the U.S. and Canada.
L Brands' plan to close stores is just the latest sign of the devastating toll the health emergency is taking on retailers around the world.
Earlier this month, the Canadian footwear retailer Aldo and the Canadian fashion chain Reitmans both filed for creditor protection and went into restructuring.
Other established brands have taken a hit too, such as Neiman Marcus and J. Crew, both of which filed for bankruptcy in early May.
Retail consultant Doug Stephens said the COVID-19 pandemic is exposing existing vulnerabilities in businesses.
"Much as it does with human beings, it finds pre-existing conditions or underlying ailments in companies as well," he told CTV's Your Morning on Thursday. "Some of those may be that a company is carrying too much debt, that they're too reliant perhaps on physical stores, or in some cases, it's just brands that have had trouble sort of finding their positioning for years."
As many physical stores remain shuttered and consumers' shopping habits change amid the pandemic, Stephens said he expects more companies to follow suit.
"I think that as this crisis progresses and as brands come under the stress of this crisis as it protracts, I think we are going to see more brands follow suit," he said.
_________________
8DonCo
Re: Victoria's Secret
by 8DonCo Fri May 22, 2020 7:27 am
giờ ở nhà nên ít mặc nên bị ế 
_________________
8DonCo
Re: Victoria's Secret
by ga10 Fri May 22, 2020 8:29 am
Tui còn mấy cái giftcards của Macys, DSW, Sephora, JcPenney chắc phải lo xài cho sớm 0 thôi tụi nó filed for bankruptcy là mệt.
ga10
Re: Victoria's Secret
by dakao2 Fri May 22, 2020 8:50 am
Ít mặc vậy là không mặc gì hết hả8DonCo wrote:giờ ở nhà nên ít mặc nên bị ế
dakao2- Location : TX
Re: Victoria's Secret
by 8DonCo Fri May 22, 2020 8:53 am
dakao2 wrote:Ít mặc vậy là không mặc gì hết hả8DonCo wrote:giờ ở nhà nên ít mặc nên bị ế
sau nầy chuẩn bi mặc tả, mấy airlines sẽ limit không cho đi toilet nhiều
_________________
8DonCo
Re: Victoria's Secret
by TuTu Sat May 23, 2020 12:32 am
8DonCo wrote:giờ ở nhà nên ít mặc nên bị ế
chu*' hong phai? ba` con lay ra lam` masks nhieu` qua' nen thieu' hut. can phai? mua them hay sao
ddo^` VS overprice qua' , shipping lai. cao ...cho chu*`a cai' tat chanh? . No^.i cai'
tien muon+' may' con model Brazil la` ton' bo^.n tien` roi` .
Last edited by TuTu on Sat May 23, 2020 12:43 am; edited 1 time in total
TuTu
Re: Victoria's Secret
by Linhxa Sat May 23, 2020 12:41 am
Why closed ...
Đem khô mực và panty ... làm masks bán ::.
Đem khô mực và panty ... làm masks bán ::.
Linhxa
Re: Victoria's Secret
by KatN Sat May 23, 2020 12:51 am
Linhxa wrote:Why closed ...
Tại vì Covid 19 , mấy bà quarantined ở nhà too long thành whales (size 20+ ) hết nên VS không có khách thì đóng cửa là đúng rồi
KatN
Re: Victoria's Secret
by DamTc Fri May 29, 2020 3:49 pm
Location nào đóng cửa vạy? Chỉ toi đi hốt về tìm ng` tặng 
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không biét ký tên
DamTc
Re: Victoria's Secret
by Newtexas Fri May 29, 2020 9:44 pm
Giờ mà vs dẹp tiệm thì đi mua hai cái gáo dừa mà treo ..
_________________
Một ngày như mọi ngày..
Đi vào lại đi ra..
Newtexas
Re: Victoria's Secret
by vietnam4all Fri May 29, 2020 10:19 pm
Newtexas wrote:Giờ mà vs dẹp tiệm thì đi mua hai cái gáo dừa mà treo ..
Chứ không phải mấy cô cứ nói no bras thì thoải mái hơn sao?
vietnam4all
Re: Victoria's Secret
by Tu* Khoai Sat May 30, 2020 3:01 am
Newtexas wrote:Giờ mà vs dẹp tiệm thì đi mua hai cái gáo dừa mà treo ..
Xẹp lép như đường phi đạo của Bush International mà cần chi gáo dừa mà treo ... Bé nổ wài nghen
_________________
LOCK CHUMP UP !
HEY CHUMP! YOU'RE FIRED
CHUMP AKA THE BIG LIE
Tu* Khoai
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