Ascena Retail Group

National
Economy

Another Bankruptcy At The Mall: Parent Company Of Ann Taylor, Loft Is Latest To Fail

1:42pm July 23, 2020

by Alina Selyukh

Ascena Retail Group is the latest clothing seller to try a restructuring during the pandemic when demand has cratered. The firm, which also owns Lane Bryant and Justice, will close some stores.

The Dressbarn in Nanuet, N.Y., is one of nearly 650 stores expected to close. A final shutdown date has not been announced.

National

Dressbarn, Women's Clothing Chain, To Close All Stores

4:03pm May 21, 2019

by Vanessa Romo

The company's CFO, Steven Taylor, called it a difficult decision but said the "chain has not been operating at an acceptable level of profitability in today's retail environment."