A pedestrian walks past a Victoria's Secret storefront closed and boarded up during the COVID-19 ... [+] crisis on April 17, 2020 in Vancouver, Canada. Victoria’s Secret Closing 250 Stores; See Locations In Virginia. The news came this week after L Brands posted its quarterly earnings online. L Brands said it will close 235 U.S. Victoria’s Secret and three Pink stores. New York (CNN Business)Victoria's Secret is permanently closing a quarter of its stores in the United States and Canada over the next few months. Investors are fans of the slimming plans: L Brands' shares are up 18% in Thursday trading. Earlier this month, luxury department store Neiman Marcus filed for bankruptcy after furloughing 14,000 employees and temporarily closing its 43 stores. In a call with analysts, Interim Victoria's Secret CEO Stuart Burgdoerfer said the closings will occur over the next several months. Direct sales grew by 85 percent in the first quarter compared with a 40 percent increase the year before and are at "record productivity" levels "to meet the significant and unplanned increase in demand. ; Towson Town Center, Waldorf, 11110 Mall Circle; St. Charles Towne Center, Wheaton, 11160 Veirs Mill Rd. I’ve previously reported for USA Today, Business Insider, The San Francisco Business Times and San. The biggest stories in fast food, shopping, and more. While Victoria's Secret has declined to provide a full list of the closing stores, the company has confirmed some planned closures to local media outlets, and it has already started shutting down some locations. Victoria's Secret, a popular women's lingerie retailer, has 1,091 stores in the United States and Canada. Did we miss a store? The lingerie brand is closing stores across Florida, Ohio, Iowa, New York, Virginia, South Carolina, and Tennessee. Last week, Pier 1 Imports and J.C. Penney both announced the companies would file for bankruptcy. For those not following the company's controversies, leadership shake-ups, and fiscal reports for the past few years, the news likely came as a shock.After all, the lingerie brand has been the number one of its kind for years. A New York Times Victoria's Secret has closed eight stores in Canada so far in 2020. While the company has yet to name which stores it plans to close, Maryland has 16 Victoria's Secret locations that could be on the list: Annapolis, 30 Annapolis Mall; Westfield Annapolis L Brands said in a news release that it "remains committed to establishing Bath & Body Works as a pure-play public company and is taking the necessary steps to prepare the Victoria's Secret Lingerie, Victoria's Secret Beauty and PINK businesses to operate as a separate, standalone company.". While the company has yet to name which stores it plans to close, Maryland has 16 Victoria's Secret locations that could be on the list: Annapolis, 30 Annapolis Mall; Westfield Annapolis, Baltimore, 200 East Pratt St.; Harborplace and the Gallery, Bethesda, 7101 Democracy Blvd. Victoria's Secret plans to close 53 stores in North America this year. It's another blow to the beleaguered retailer just weeks after its half-billion dollar plan to go private was scrapped. L Brands, which also owns Bath & Body Works, reported that net sales during the first quarter of 2020 decreased 37% to $1.65 billion, compared to the same period last year, with almost all of the company’s stores forced to close in the final weeks of the quarter because of the coronavirus. Earlier this month, luxury department store Neiman Marcus filed for bankruptcy after furloughing 14,000 employees and temporarily closing its 43 stores. Most stock quote data provided by BATS. The company also stated that due to changing consumer trends, additional closures may follow in 2021 and 2022. In a call with analysts, Interim Victoria’s Secret CEO Stuart Burgdoerfer said the closings will occur over the next several months. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. It also plans to close 13 of its 38 stores in Canada. Victoria’s Secret Closing 250 Stores; See Locations In Virginia Elizabeth Janney 5/23/2020. That store will remain open. I’m a San Francisco-based reporter covering breaking news at Forbes. All rights reserved. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Former L Brands © 2020 Forbes Media LLC. All rights reserved. How a fake persona laid the groundwork for a Hunter Biden conspiracy deluge. A leading-edge research firm focused on digital transformation. In a call with analysts, Interim Victoria’s Secret CEO Stuart Burgdoerfer said the closings will occur over the next several months. All Rights Reserved, This is a BETA experience. Parent company L Brands said Wednesday it will permanently close 250 Victoria’s Secret and PINK stores across the U.S. and Canada as major retailers across the world suffer because of the coronavirus pandemic. Patch editors Megan VerHelst and Elizabeth Janney contributed to this report. 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Earlier this month, luxury department store Neiman Marcus filed for bankruptcy after furloughing 14,000 employees and temporarily closing its 43 stores. L Brands also said it was closing 50 Bath & Body Works stores, mostly in mall locations where it doesn't expect foot traffic to regain pre-pandemic normalcy. NYT Also slated for closure are 50 Bath & Body Works locations. 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L Brands said it will close 235 U.S. Victoria’s Secret and three Pink stores. An earlier version of this story incorrectly identified the store at West Town Mall in Knoxville, Tennessee, as closing. However, the companies agreed to terminate the sale after L Brands was forced to impose furloughs and mass store closures in response to the coronavirus pandemic. While the company has yet to name which stores it plans to close, Virginia has more than 20 Victoria’s Secret locations that could be on the list: Victoria’s Secret reported net sales of $1.65 billion for the first quarter of 2020, compared with $2.6 billion for the same quarter last year. It's no secret that this lingerie retailer has been having problems in recent years as many women have decided the chain isn't relevant anymore and isn't inclusive enough. as well as other partner offers and accept our, Walmart is quietly closing stores — here's the full list. We compiled a list of all the closures that have been confirmed so far: *Correction: The Victoria's Secret store in East Towne Mall in Knoxville, Tennessee, has closed. Victoria’s Secret, which has 1,091 stores in the U.S. and Canada, will close 235 U.S. Victoria’s Secret stores and three Pink stores, with the rest of the closures taking place in Canada. Follow me on Twitter @rachsandl or shoot me an email rsandler@forbes.com. It’s core image started to be called into question as brands that prioritize size inclusivity have become more popular. report in February painted an unflattering picture of executives promoting misogyny inside the company. ; Westfield Montgomery, Bowie, 15501 Emerald Way; Bowie Town; Bowie Town Center, Columbia, 10300 Little Patuxent Parkway; Mall in Columbia, Frederick, 5500 Buckeystown Pike; Francis Scott Key Mall, Glen Burnie, 7900 Governor Ritchie Highway; Marley Station, Hagerstown, 17301 Valley Mall Rd. In February, L Brands was prepared to sell a majority stake of Victoria’s Secret to Sycamore Partners, a deal that would have spun off the Victoria's Secret brand — made up of Victoria's Secret Lingerie, Victoria's Secret Beauty, and PINK — into a separate, standalone company. Netflix's chess drama 'The Queen's Gambit' has a refreshingly hopeful endgame. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Victoria's Secret is closing 53 stores this year. While sales at Bath & Body Works stores were down compared with last year, L Brands reported "sales increased meaningfully prior to closing all stores in mid-March, driven largely by significant increase in demand for hand soaps and sanitizers." ; Valley Mall, Hanover, 7000 Arundel Mills Circle; Arundel Mills, Hyattsville, 3500 East West Highway; The Mall at Prince George's, Salisbury, 2300 North Salisbury Blvd. Its online sales grew 85% over last year. 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