Competition is fierce in the lingerie world of lace and satin, and several Ohio State students know this firsthand. Last Monday students were told that Cacique, the lingerie store where they worked, was closing in five days, said OSU student Erin Welsh, a Cacique employee.”I can understand why it closed, but the way it was handled was unprofessional,” said Welsh, a junior majoring in landscape horticulture. “I’m mad that they didn’t give us more notice. They expect us to give two weeks notice.”Cacique is a part of the Limited Inc., owned by former chairman of the OSU Board of Trustees Les Wexner. Nationwide, 118 Cacique stores closed after suffering operating losses of approximately $17 million last year.The Limited Inc. will offer new jobs for the 1,100 Cacique employees in new Victoria’s Secret and Bath and Body Works stores.Welsh, however, isn’t sure she wants to work at a new store.”They can send us to a different place to work. I don’t think I want to,” she said. “[Cacique] was a fun, classy place. And you got seven bucks an hour to fold panties.”Customers were upset because they could no longer purchase the T-shirt Bra, a Cacique original, Welsh said. Some customers were also upset by the lack of sales before the stores went out of business.Welsh was an employee at the Northland Mall. The Mall at Tuttle Crossing and the City Center also had Cacique stores.After opening nine years ago, Cacique stores closed nationwide on Saturday. According to The Limited Inc., the store targeted “the more sophisticated 25-45 year old.” Cacique sales in 1997 totaled $95 million, but closed with a pre-tax charge of $60-$70 million.