The popular lingerie store known for helping to usher many girls into womanhood is closing 53 of its 1,143 Victoria’s Secret and PINK stores. Source say the rise of other fashion giants such as Savage X Fenty, Fashion Nova and Aerie have made completion tough. Others believe comments made concerning transgender caused an outrage in the LGBTQ community causing a decrease in sales.
Following backlash from the LGBTQ community, Victoria’s Secrets issued this statement on Razek’s behalf.
Please read this important message from Ed Razek, Chief Marketing Officer, L Brands (parent company of Victoria’s Secret).pic.twitter.com/CW8BztmOaM
— Victoria’s Secret (@VictoriasSecret) November 10, 2018
The Victoria’s Secret store closures is just one of the many retail giants that announced plans of closure this year. Payless ShoeSource, Charlotte Russe, and Gymboree, and Janie and Jack have all withered announced closings or that they would scale back on their operations.
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