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Victoria’s Secret’s Profitability Plan? Cutting 250+ Stores

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

Victoria’s Secret is slimming down. Parent company L Brands Inc. plans to cut 251 owned Victoria’s Secret stores, it said Wednesday in its first-quarter earnings report. The news comes on the heels of L Brands’ contentious spat with Sycamore Partners, which bailed on the $525 million, 55 percent stake in the lingerie label it had…

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