L Brands to shutter 53 Victoria's Secret stores

The company's Victoria's Secret lingerie brand continues to struggle. The brand's comps declined 3%, as comps at its Bath & Body Works unit rose 12%, for an overall comp rise of 3%, according to a company press release. Taking out direct-to-consumer sales, store comps at Victoria's Secret fell 7% as Bath & Body Works store comps rose 8% for an overall store comp decline of 1%, the company said...
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