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."
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