Victoria's Secret is closing 250 stores in shopping centers, malls and other locations in the U.S. and Canada. Victoria's Secret plans to close 53 stores this year as more women desert the brand for lingerie startups and big retailers. The lingerie brand cited a "decline in performance" as the reason for the closures, where were announced in February. Victoria's Secret To Close 250 Stores - Arlington Heights, IL - Parent company L Brands also announced it plans to close 50 Bath & Body Works locations in the United States and Canada. Victoria's Secret plans to close 53 stores in North America this year. The Ratings Game Victoria’s Secret will close about 250 stores in the U.S. and Canada this year, stock soars Published: May 22, 2020 at 3:52 p.m. ET L Brands says it plans to take Victoria’s Secret in a new direction to meet the desires of the modern woman, but for now, you may be seeing your local Victoria’s Secret closing for good. Victoria’s Secret parent company, L Brands, announced the closure of 250 stores in North America as well as 50 Bath & Body Works locations — details