“Over the next six months, we will continue to work toward the separation of the two businesses, proceeding down a dual track to prepare for either a spin-off or a sale,” L Brands said in a statement to CNN.Although Bath & Body Works is closing as many as 40 of its stores within malls, it will also open about 50 locations in North America this year, many of which will be standalone or off-mall locations.Mall retailers have struggled in recent years — even before the pandemic — as mall foot traffic has diminished. Gap and Macy’s have both announced plans to fully or partially exit malls.[CNN] — Sasha JonesContact Sasha Jones Share via Shortlink Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink (Getty, iStock)Victoria’s Secret’s plans for its future are, well, not so secret.The lingerie retailer will close 30 to 50 stores in the United States and Canada this year, CNN reported. The move comes after the brand closed 241 stores in 2020.The closures will leave Victoria’s Secret with 848 stores across the two countries, down from more than 1,100 just a year ago.Its parent company, L Brands, previously made a deal with private equity firm Sycamore Partners to sell a majority stake in Victoria’s Secret and take the company private, but those plans fell through. The company, which also owns Bath & Body Works, is still exploring a sale of the lingerie brand.Read moreGap Inc. will close 350 stores and exit malls entirelyMacy’s to open smaller stores, bigger fulfillment centersPE firm to take Victoria’s Secret private as Leslie Wexner steps down Full Name* Message*
6 27, the implementation of Golog policies for economic and social development in television and telephone conference, summed up the provincial government on accelerating the economic and social development of the Golog implement the decisions and arrangements, arrangements for the next priorities. Provincial Standing Committee, vice governor Zhang Jianmin speech.
the meeting pointed out that accelerating the development of social economy and long period of stability Golog is a major initiative, the provincial government and regional coordination, promote the construction of the "three zones". Since 2013, under the correct leadership of the provincial government, provincial departments, twinning units and Party committees at all levels of government support, strong Golog effective implementation, the development of economy and society the significant progress achieved results.
the meeting stressed that this year is the implementation of the "13th Five-Year plan" the first year. The relevant regions and departments should continue to implement the provincial government support the development of policies and measures in the implementation of the new development concept, grasp the Tibetan Construction of new requirements, to solve practical problems and then make efforts, continue to strengthen organizational leadership and improve the supporting mechanism, starting from restricting the development of the most prominent Golog’s most pressing problems, the resources and power more attention to basic, key and key areas of traction work and benefit the people’s livelihood, increase the preferential policy support, earnestly tackling poverty and hard task, continue to promote peace and revitalization projects, through the double superposition effect of policy, project, boost the Golog accelerated economic and social development, to ensure that the grand goal of realizing synchronous well-off.