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4 mins read
76 Ann Taylor, LOFT, and Lou & Grey stores are closing after parent company Ascena filed for bankruptcy — here's the list
Ascena Retail Group is closing some Ann Taylor, LOFT, and Lou & Grey stores after filing for bankru…
Madeline Stone
2 mins read
Ann Taylor parent company Ascena has filed for bankruptcy and plans to close some stores
Ascena Retail Group filed for bankruptcy. It owns Ann Taylor, LOFT, Lou & Grey, Justice, and others.
Madeline Stone
1 min read
Ann Taylor parent company Ascena will reportedly close 1,200 stores across its brands as it prepares for bankruptcy
Under its Chapter 11 arrangement, Ascena would shed about $700 million from its $1.1 billon debt lo…
Shalini Nagarajan
2 mins read
This word is terrifying to employees at merging retailers Ascena and Ann Taylor
Ascena has identified $150 million in annualized run rate synergies in the combination that it expe…
Myles Udland
1 min read
Some of the salary cuts that corporate execs took during the coronavirus pandemic are already being reversed
The CEO of Olive Garden's parent company cut his salary to $0 in April, but he's already back to re…
Taylor Borden
1 min read
We went shopping at Dressbarn the day after it announced all of its stores would close and saw why it's fallen behind
Founded in 1962 by Roslyn Jaffe to accommodate the fashion needs of an increasing number of working…
Irene Jiang
7 mins read
Lane Bryant's parent company will jettison 157 stores after filing for Chapter 11
The Ascena Retail Group's Chapter 11 filing lists 157 Lane Bryant outlet locations and standalone s…
Áine Cain
1 min read
2 mall owners with 130 locations across the US are filing for bankruptcy ahead of the holiday shopping season
The coronavirus pandemic has been catastrophic for retailers, and malls might not bounce back.
Mary Meisenzahl
3 mins read
The Drive Thru: Bankruptcies continue, Chipotle explodes on digital, and some chains avoid enforcing mask policies
As more chains file for bankruptcy, Chipotle reports soaring digital growth in Q2. Read about it in…
Shoshy Ciment
3 mins read
More than 1000 stores are closing in 2021 as the retail apocalypse drags on. Here's the full list.
More than 8,000 US stores closed last year, and experts predict 10,000 possible closures in 2021.
Mary Meisenzahl
2 mins read
If you have a gift card for JCPenney, Lord & Taylor, or another bankrupt retailer, experts say you should use it right away
Don't hold onto a gift card for a retailer that has filed for bankruptcy. It's impossible to know w…
Madeline Stone
2 mins read
An unexpected retailer is surging to be more popular than H&M, Kohl's, and Macy's
According to the Fashion Institute of Technology, more than half of women in the US are plus-size, …
Mary Hanbury
3 mins read
Amazon's expansion of its personal styling service is not an automatic death sentence for Stitch Fix
While Amazon's platform is built to understand a customer's past purchases, it's not as well suited…
Madeline Stone
1 min read
Lane Bryant CEO mysteriously gone 4 months after key promotion
The company, which acquired Ann Taylor two years ago, has been struggling with falling sales. Same-…
Hayley Peterson
2 mins read
A company you've never heard of just became the most powerful force in women's clothing
In addition to the Ann Taylor brands, Ascena owns the inexpensive fashion brand Maurices, occasion …
1 min read
Here's a $2 billion retail merger to start the week
"This powerful transaction joins two strong and highly complementary organizations and management t…
Akin Oyedele
2 mins read
The latest Walmart acquisition rumors confirm the death of the American middle class as we know it
Between 2000 and 2014, middle-class populations decreased in 203 of the 229 metropolitan areas revi…
Kate Taylor
3 mins read
IT'S OFFICIAL: The US and China slap tariffs on thousands of each other's products in major trade war escalation
"The mere threat that tariffs could be imposed on nearly all remaining imports from China has alrea…
Gina Heeb
3 mins read
Investors are overlooking terrible news from the most powerful company in women's retail
"Results for the quarter were challenged by two large, non-operating expense hits related to a good…
Mallory Schlossberg
1 min read
Stocks were at record highs, but now they're in the red
The pullback in stocks happened after 10:00 a.m., when data showed that homebuilder sentiment misse…