Victoria's Secret Will Close 53 Stores This Year



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NEW YORK (WABC) – Victoria's Secret plans to close 53 stores by the end of the year after a fall in sales.

The women's lingerie company has lost nearly 4 million customers in recent years to benefit other retailers like Amazon.

Victoria's Secret closed 30 stores last year.

In December, the company's televised fashion show had its worst audience.

The company's shares have fallen 40% over the last year.

Victoria's Secret has 16 sites in New York, according to her website.

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