In July 2020, Ascena Retail Group filed for Chapter 11 bankruptcy protection. Ascena is the parent company of fashion retailers Ann Taylor, Loft, Lane Bryant, Lou & Grey, Justice and Catherines. As part of the bankruptcy, the company announced plans to close more than 1,000 stores across all of its brands permanently.
What stores are going out of business 2021?
Here's a list of stores expected to close this year.
- Disney: 60 stores. Disney store. ...
- Best Buy: 5. Alexi Rosenfeld/Getty Images. ...
- Francesca's: 140. QualityHD/Shutterstock. ...
- Macy's: 45. Reuters. ...
- Bed Bath and Beyond: 43. Noam Galai/Getty Images. ...
- Paper Source: 11. ...
- Goodwill: 8. ...
- The Children's Place: 122.
Who bought out loft?
Ascena Retail Group has completed the sale of several of its brands, including Columbus-based Lane Bryant, to a new owner. New York City-based Sycamore Partners LLC bought Lane Bryant and its sister brands Loft, Ann Taylor and Lou & Grey, from the bankrupt New Jersey company for $540 million.
