Victoria's Secret Is Permanently Closing 250 Stores

Victoria's Secret Is Permanently Closing 250 Stores

Assessment

Interactive Video

Business, Arts, Architecture

University

Hard

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L Brands, the parent company of Victoria's Secret, announced a 37% decline in sales due to store closures amid the pandemic. This also led to the collapse of a $525 million deal with Sycamore Partners. Victoria's Secret plans to close more stores in 2021 and 2022, while some locations are expected to reopen by July.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Who is the Interim CEO and CFO of Victoria's Secret mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expected reopening dates for the locations that are not closing?

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