Business

Victoria's Secret to Close 53 Stores After Missing the Holiday Market

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The women's underwear retailer Victoria & # 39; s Secret will close about five percent of their stores after 2018. Vacation revenue declined.

Quarterly revenue in 2018 was $ 799.4 million compared to $ 986.6 million in 2017. Earnings per share in 2018 was $ 2.31 compared to $ 3.42 in 2017.

A spokesman for Victoria & # 39 ; s Secret parent company L Brands refused to specify whether the stores in the Peoria or Bloomington areas are among the 53 closures.

The company expects 2019 annual earnings per share between $ 2.20 and $ 2.60.



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