Victoria's Secret is set to close over 50 locations this year. The lingerie brand hasn't been doing well for a while; it has had increasingly low sales, and last year's fashion show brought the brand's lowest number of viewers ever.
Honestly, the body-positivity community kind of saw this coming. More than ever, women are demanding size diversity in stores, and VS hasn't changed it fatphobic (and transphobic) ideals a bit. Combine this with the entrance of several other popular, size-inclusive lingerie brands into the market, and the demise of VS doesn't seem that shocking.