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At Jan. 30, 2016, $LB operated 3,005 owned stores, of which 1,164 were Victoria's Secret and 1,672 were BBW stores. In FY15, $LB opened 72 and closed 36 owned stores. At Jan. 30, 2016, noncompany-owned stores were 738, with 145 stores opened and 57 stores closed. Most of the company-owned and noncompany-owned stores closed were La Senza stores.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.