Ann taylor loft how many stores

See the list. Thursday's list included more than 1, closures, but the company said it plans to close 1, of its stores. According to frequently asked questions posted on Ascena's restructuring website, the final number of store closings "will be determined based on the ability of Ascena and our landlords to reach agreement on sustainable lease structures.

SB Capital Partners will manage Catherines' going-out-of-business liquidation sales as well as the closing sales at its sister brands, court records show. Ascena Retail Group, the conglomerate behind women's apparel brands Ann Taylor, Lane Bryant and Catherines, filed for Chapter 11 bankruptcy Thursday and said it would close at least - nearly a third - of its 2, stores after years of declining sales and ballooning debt.

The company, founded as Dressbarn in , is one of the nation's largest sellers of women's clothing. But in recent years, its lineups of no-frills workwear and other basics have lost ground to a growing crop of competitors, including off-price retailers such as TJ Maxx and newcomers such as Everlane.

Ascena is closing all Catherines stores, and selling the plus-sized clothing brand and its website to an Australian company, City Chic Collective. The Mahwah, N. It's the latest retail casualty of the pandemic, following Brooks Brothers, J.

Penney, J. Crew and Neiman Marcus and several others into bankruptcy court. Ascena temporarily shuttered all of its stores and furloughed more than 90 percent of its employees in mid-March as stay-at-home orders took effect.

The planned closures also represent another blow for U. Business News Jun. Send this to a friend. Thank you for sharing. Your email has been sent. Email address of friend insert comma between multiple addresses, limit 5 :. Your email address:.

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