Victoria’s Secret to Close Nearly 50 Stores; while Bath & Body Works will open 49 stores

Victoria’s Secret to Close Nearly 50 Stores; while Bath & Body Works will open 49 stores in the United States In 2020, the com...

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  • Victoria’s Secret to Close Nearly 50 Stores; while Bath & Body Works will open 49 stores in the United States
  • In 2020, the company closed nearly 250 stores. This Wednesday, its parent company L Brands announced that in the course of this year between 30 and 50 more stores will close in the country
  • The reality is that Victoria’s Secret sales have declined since the coronavirus ‘struck’

Victoria’s Secret to Close Nearly 50 Stores; while Bath & Body Works will open 49 stores in U.S.

The coronavirus pandemic has put many brands ‘against the wall’, even large chains like Victoria’s Secret have been forced to close dozens of their stores.

In 2020, the company closed nearly 250 locations. This Wednesday, its parent company L Brands announced that in the course of this year they will close between 30 and 50 more stores in the United States.

In contrast, L Brands plans to open 49 new Bath & Body Works stores on US soil and one more in Canada.

Although it seems contradictory, it is part of a strategy of the company that is closing its stores located in shopping centers. The new ones will be found “almost entirely outside the shopping centers,” the company said. USA Today.

Victoria’s Secret to Close Nearly 50 Stores; while Bath & Body Works will open 49 stores

Ohio-based L Brands plans to convert the Victoria’s Secret brand into a separate business in the next six months. To do so, Goldman Sachs will formally launch the offer to takeover firms this week, The New York Times reported.

The reality is that Victoria’s Secret sales have declined since the coronavirus ‘struck’. The story with Bath & Body Works is different. Sales of soap, home fragrances, body care and hand sanitizers have boosted the company’s sales during the pandemic.

Even so, in a statement, the company said: “We continue to closely assess all (Bath & Body Works) locations, especially the most vulnerable centers, for risk of closure.”

Other large retailers such as Macy’s, JC Penney and Bed Bath & Beyond also announced that they will close some of their stores during 2021.

Requirements for job application at Target [Empleo]

Do you want to work at Target? Find out about all the requirements and benefits that the races in this supermarket have for you!

The first step, of course, is to formally apply for a job at Target. How to do it? First, it is important to access your website https://jobs.target.com/search-jobs/ and explore the available options that are in effect. There, you will see the requirements and a detailed description of the vacancy.

One option is to apply through LinkedIn or, otherwise, fill out the form that is provided when selecting the “apply” button.

Benefits to working at Target

Working at Target offers significant benefits for employees; Among these, the following stand out:

Excellent medical insurance with extensive coverage: Target health insurance has comprehensive coverage; According to its website, Target offers two health plans with national coverage, as well as three regional health plans offered in select states. It should be noted that all plans include a benefit that offers coverage for generic, laboratory or specialty drugs.

Payment of non-working days and days of absence due to justified illness: Target is a company that, according to its statutes, cares about the well-being of its workers inside and outside the job. Thus, it offers a program of payment for days off and sickness.

Payment of “bonus” in case of retiring from work or resigning: After three years on the job, you will be able to access extensive coverage and a pension plan in which the company supplements the worker’s savings, in addition to placing the money in an account that earns interest over time. If you resign or retire from work, the employee will be credited with all these accumulated benefits.

Payment of maternity or paternity bonus: Target has established that employees have access to twice the amount of paid time off for the birth or adoption of a child.

Payment of vacation days: Depending on the state in which the employee is located, Target contemplates the benefit of vacation pay in addition to absences with pay (in some states this type of benefit does not apply, because although it is possible to take days off, they are not paid)

Discount when shopping at Target stores: Employees have a 10% discount on purchases in physical stores or online, in addition to a 20% discount on fruits and vegetables.

A Were Hiring sign for Target stores Victoria's Secret stores

Photo: Shutterstock

FAQs

How do I apply for a job at Target?

The first step is to access the website https://jobs.target.com/search-jobs/ to explore current vacancies and requirements for each.

One option is to apply through LinkedIn or, otherwise, fill out the form that is provided when selecting the “apply” button.

How long does it take for Target to respond to a request?

You usually send a confirmation within the first few minutes after making the request; According to the reports of users who have applied in the company, it responds between one and 24 hours later, although this depends on the needs of the store.

How long does it take for Target to hire?

Although there is no set time, Target requests full availability within the first 60 days that the request was made, so it should not exceed that time in hiring the person.

Source: Target.com

Filed as: Victoria’s Secret to close about 50 stores; while Bath & Body Works will open 49 stores

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