Victoria’s Secret, owned by L Brands, will close 250 branches in the USA and Canada over the next few months and more may follow.

L Brands chief financial officer Stuart Burgdoerfer said the closures were a “very significant decision” but designed to “strengthen” Victoria’s Secret, CNN reported.

L Brands will also shut 50 Bath & Body Works stores, mainly in malls where it is anticipated than footfall will not return to pre-pandemic levels.