Three Victoria91裸聊视频檚 Secret stores in Canada are expected to close this year as parent company L Brands looks to improve on its financial performance.
A spokesperson for the U.S.-based lingerie brand91裸聊视频檚 parent company declined to tell The Canadian Press which locations will be shuttered in Canada, but says they are part of a plan to slash 53 stores worldwide.
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The impending closures are far more than the 15 stores the brand closes on average every year.
L Brands91裸聊视频檚 chief financial officer Stuart Burgdoerfer said in an earnings call Thursday that the impending closures were triggered by Victoria91裸聊视频檚 Secret 91裸聊视频渘ot meeting our expectations.91裸聊视频�
Burgdoerfer says the business made the decision by analyzing current and projected performance, sales, profits, cash flows and trade dynamics.
The closures come after a tough holiday period, where comparable and in-store sales slid at Victoria91裸聊视频檚 Secret and Pink stores.
The Canadian Press
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