Victoria's Secret to close 53 stores this year

Friday, March 1, 2019
NEW YORK -- Victoria's Secret plans to close 53 stores by the end of the year after a drop in sales.

The women's lingerie company lost nearly 4 million customers in the past few years to other retailers like Amazon.
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Victoria's Secret closed 30 stores last year.

In December, the company's television fashion show had its worst ratings ever.

The company's stock is down 40 percent in the past year.
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Victoria's Secret has about 75 stores in the Southern California area, according to its website. It wasn't immediately clear which ones were slated for closing.
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