Dwindling traffic at U.S. shopping centers has caught up with Victoria’s Secret and Bath & Body Works, two retail stalwarts that previously shrugged off the trend. L Brands Inc., which owns the two brands, blamed a “substantial reduction in mall traffic in February” for the weak outlook at both of them. It also cited Victoria’s Secret’s exit from swimwear and apparel and other investments in its business. For February, L...

Source: Wall Street Journal February 23, 2017 17:26 UTC