Victoria's Secret Will Close 53 Stores After Missing Vacation Record



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Victoria's Secret, a women's lingerie retailer, will close about 5% of its stores after the fall in holiday sales for 2018.

The operating profit for the fourth quarter of 2018 amounted to $ 799.4 million, compared to $ 986.6 million in 2017. Earnings per share in 2018 is 2. $ 31, compared to $ 3.42 in 2017.

A spokesperson for Victoria's Secret's parent company, L Brands, declined to say whether stores in the Peoria or Bloomington area were among the 53 closures.

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

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