Victoria’s Secret
Victoria’s Secret is anticipated to close more stores in the next two years after closing 250 stores in the United States and Canada last year. During a May 2020 earnings call with investors, Victoria’s Secret CEO Stuart Burgdoerfer officially addressed the planned closings. According to USA Today, he said, “We will anticipate a meaningful amount of incremental store closures outside the 250 that we’re pursuing this year, suggesting there will be more in 2021 and perhaps a little more in 2022.”
Victoria’s Secret
Gap
Over the next two years, Gap plans to dramatically cut its physical footprint. Gap Inc. said in October 2020 that by the end of 2023, it would close 220 Gap shops across North America. The closures are part of the retailer’s strategy to concentrate on city centers and stores rather than malls.
Gap