Victoria’s Secret Is Closing Many Stores, Will QC Locations Shut Down?
It used to be that Victoria's Secret was the most popular place to buy lingerie and undergarments. Times have clearly changed, as Business Insider reports that the retailer is facing financial trouble and will close 20 stores by the end of 2018.
Six stores have already been shuttered due to dwindling profits, but it remains to be seen which 14 are still on the chopping block. Hopefully, the stores at NorthPark and SouthPark are both safe, but we don't know just yet.
Victoria's Secret parent company, L Brands, reported a 1 percent drop in sales during their second-quarter earnings. Even the retailer's popular Pink athleisure wear line has suffered lately.
There could be many explanations for the store's issues, but it's not entirely shocking considering online shopping has become so popular in recent years. Fingers crossed our QC VS stores can be spared.