Victoria’s Secret
Victoria’s Secret operates from more than 1,143 locations worldwide, and after the closing 30 of its stores in 2018, the womenswear and lingerie company noted they would be closing about 53 others before this year ends. This substantial closure rate averages about 4 percent of all the store’s location according to a report from its parent company L Brand. Gaye and Ray Raymond sold Victoria’s secret in 1982 to Leslie Wexner years after their 1977 founding.
Henri Bendel
Henri Bendel has closed all its physical doors in February 2020 after parent company L Brand made the declaration of the closure back in 2018. The closure of its iconic location on Fifth Avenue, New York, was one of the “most painful” for customers. The Company, however, has noted they will be focusing on their other products and services under Bath & Body Works and Victoria’s Secret. Henri Bendel sold all manner of luxurious gifts, fashion accessories, handbags, and jewelry.