More than 50 Victoria’s Secret stores to close, owner L Brands says

L Brands plans to close more than 50 Victoria’s Secret stores this year as the lingerie chain continues to struggle.Executives at the Columbus, Ohio-based retailer said in a conference call Thursday morning that they expect to close as many as 53 Victoria’s Secret stores this year, well above the 30 closed last year and the 15 stores closed previous years.“Given the decline in performance at Victoria’s Secret, we have substantially pulled back on […]