The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.
The company will begin by closing about 250 stores this year. But execs say there will likely be more next year and beyond.
The retailer expects to close about 250 stores in North America this year.
The lingerie giant is taking several measures to protect itself amid the pandemic.
The lingerie retailer says the private equity firm needs to pay up.
The uncertainty around the Victoria’s Secret deal means companies will seek tighter contract language to factor in the pandemic.
The private equity firm agreed to buy the lingerie retailer before the coronavirus pandemic hit.
Many were born online and don’t have to worry about massive store closures. But will they have enough cash to outlive the virus?
The retailer was just one of many companies to begin layoffs amid the coronavirus pandemic.
The coronavirus has already begun causing casualties in the retail world. L Brands’ sale of the lingerie business might be next.
Sarah E. Nash will begin once the sale of the lingerie company is complete.