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bar1080

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bar1080

Re: pete807 post# 1050

Friday, 07/24/2020 5:31:01 AM

Friday, July 24, 2020 5:31:01 AM

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Who buys crap like this? [ASNA]"... filed Chapter_11 bankruptcy protection, a move spurred by the COVID-19 pandemic.

New Jersey-based Ascena Retail Group, which also operates Ann Taylor Loft, Catherines, Lou & Grey and Cacique, plans to "reduce their store fleet from approximately 2,800 stores to approximately 1,200 stores," the company said in court records Thursday. The planned closures are a 56% "reduction in the total store fleet."

The company said in the bankruptcy filing that it plans to shutter all of its Catherines plus-size stores and "intends to transition Justice to a primarily online platform and continue Lou & Grey within go-forward LOFT stores."

https://finance.yahoo.com/news/lane-bryant-ann-taylor-owner-112213063.html

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