Victoria’s Secret
Victoria’s Secret closed 250 stores across the United States and Canada last year and announced its plans to cease the operations of more branches in the next two years. Stuart Burgdoerfer, Victoria’s Secret CEO, announced the closures last May 2020 and said, “We would expect a large number of slow store closures outside of the 250 we’re aiming for this year, suggesting that there would be more in 2021 and probably a little more in 2022.”
Victoria’s Secret
Gap
Gap had plans to decrease its physical stores within two years significantly and announced last October 2020 that it would shut down 220 branches all around North America on or before 2023. The decision was made because of Gap’s new strategy to focus on city centres and supermarkets instead of malls.
Gap
