Gap, JCPenney, and Victoria’s Secret are among the stores that have collectively announced 300 store closures over the course of a 24-hour period.
Victoria’s Secrets sales fell 3% during the same quarter and JCPenney, 4%. Citing a “decline in performance,” this brings to a collective 300-store closure among Gap, JCPenney, and Victoria’s Secret. With the announcements coming in full-swing lately, it is predicted that there will be a planned 4,500 store closures in the entire year of 2019.
