L Brands reported mixed results for its crucial fourth quarter amid falling sales at its embattled Victoria's Secret division.
Even more closures are planned for this year, with L Brands saying that 53 of their North American stores are expected to shut their doors this year.
The closings come after a tough holiday period, in which comparable and in-store sales slid at Victoria's Secret and Pink stores.
Burgdoerfer said the company expects the store closures and other factors, including recent leadership changes and an upcoming website relaunch, to improve the performance of the company's lingerie brands in the coming year.
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JCPenney said in a news release that it plans on closing 18 full-line stores this year, including three locations that had been announced recently, along with nine home and furniture stores.
In November, the company's CEO resigned, and in December, its annual fashion show saw the worst ratings ever.
Victoria's Secret's path to a turnaround looks challenging, too. He said Victoria's Secret will place a "dominant focus on the customer and on the merchandise" as it attempts to turn around its business. Excluding items, L Brands earned $2.14 per share, beating analysts' expectations of $2.07 per share. We do not know exactly which stores will be closing, but we will update this post as more information becomes available. How we go about it is we look at current and projected performance, sales, profit, cash flow. Target launched a new underwear brand for women on Monday, which features bras that all cost under $22. They don't have a great option.