Victoria’s Secret
Victoria’s Secret is expected to close other shops in the coming two years since closing 250 stores throughout the United States and Canada last year. On an earnings call with investors in May 2020, Victoria’s Secret CEO Stuart Burgdoerfer publicly addressed the expected closings. According to USA Today, he said, “We will anticipate a meaningful amount of incremental store closures outside the 250 that we’re pursuing this year, suggesting there will be more in 2021 and perhaps a little more in 2022.”
Victoria’s Secret
Gap
For the next two years, Gap plans to reduce the physical footprint significantly. Gap Inc. reported in October 2020 that by the end of 2023, it would close 220 Gap stores throughout North America. The store cuts as part of the retailer’s plan to step away from malls to concentrate on city centers and stores.
Gap
