Ann Taylor Parent Company Files For Bankruptcy
Wochit Business
2020-07-23
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Ascena Retail Group has filed for Chapter 11 bankruptcy.
The company is planning to close some stores.
Its portfolio brands include Ann Taylor, LOFT, and Lane Bryant.
Coronavirus-related store closures hurt the business.
Ascena sales had suffered when mall traffic began to decline even before the pandemic.
The company is planning to close some stores.
Its portfolio brands include Ann Taylor, LOFT, and Lane Bryant.
Coronavirus-related store closures hurt the business.
Ascena sales had suffered when mall traffic began to decline even before the pandemic.
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