Victoria’s Secret
Victoria’s Secret is expected to close additional stores in the next two years, following the closure of 250 stores in the United States and Canada last year. On an earnings call with investors in May 2020, Victoria’s Secret CEO Stuart Burgdoerfer will formally address the planned closings. “We will expect a large number of further store closures outside of the 250 that we’re planning this year,” he told USA Today, indicating that there would be more in 2021 and maybe a little more in 2022.
Victoria’s Secret
Gap
Gap wants to significantly reduce its physical presence during the next two years. In October 2020, Gap Inc. stated that it would close 220 Gap stores across North America by the end of 2023. The store closures are part of the retailer’s plan to focus on city centers and shops rather than malls.
Gap
