Frozen food didn’t kill the restaurant. Telephones didn’t kill human interaction. And eCommerce won’t kill brick-and-mortar retail. That’s L Brands CEO and Chairman Les Wexner’s theory, as reported by The Wall Street Journal, in the face of brick-and-mortar retail’s worst year ever. Around 7,000 stores closed...
February 20, 2020
As more shoppers moved to eCommerce, L Brands CEO Les Wexner wagered on opening more brick-and-mortar locations. Wexner has staunchly supported malls and believes that shoppers’ fixation with phones will subside. But on Thursday (Feb. 20), The Wall Street Journal reported that Wexner plans to sell a controlling stake in Victoria’s Secret and will step […]
