As the lingerie retailer’s sales continue to flounder, parent company L Brands revealed that it will be closing 20 Victoria’s Secret locations this year in a conference call with investors on Thursday.
Lingerie company ThirdLove announced it is expanding its sizing by adding 24 additional bra sizes. In a move focused on diversity and inclusion, the company will not refer to the expanded sizes as "plus size."
American Eagle Outfitters Inc reported record-high first-quarter comparable sales on Thursday, helped again by strong demand for its Aerie line of lingerie. Comparable sales rose 9 percent in the quarter ended May 5.