ascena retail group

Ascena to Sell Justice Assets at Auction as Bankruptcy Proceedings Continue

Ascena Retail Group has entered into an asset purchase agreement with Premier Brands Justice to sell the intellectual property, ecommerce business and…

Bloomberg: Sycamore Partners Places Preliminary Bids for Ann Taylor, Loft and Lane Bryant

Sycamore Partners has reportedly made a preliminary bid to acquire assets from Ascena Retail Group, including the Ann Taylor, Loft and Lane…

Stein Mart Files For Chapter 11, Considers Closing All 281 Stores

In filing for bankruptcy protection, discount department store Stein Mart has raised the possibility of closing “a significant portion, if not all,…

RetailWire: Will The Retail Workforce Ever Return To Pre-Pandemic Levels?

The pandemic has hastened the evolution from analog to digital across all types of businesses, and retail is no different. Approximately 1.1…

Ascena Bankruptcy Filing Could Lower Company Debt By $1 Billion

With its voluntary Chapter 11 filing today, Ascena Retail Group, parent company of brands including Ann Taylor, LOFT and Lane Bryant,hopes to…

Report: Potential Ascena Bankruptcy Would Shutter At Least 1,200 Stores

Ascena Retail Group is reportedly preparing to file for Chapter 11 bankruptcy and shutter at least 1,200 of its 2,800 locations, people…

Pier 1 Gets $20 Million Bid For Brand And E-Commerce Business

Retail Ecommerce Ventures LLC, which purchased the brand assets of Dressbarn from Ascena Retail Group in 2019, has offered $20 million for…

Ascena Looks At Inventory Refresh To Rebound From Poor Quarter

Ascena Retail Group reported a $354 million operating loss in Q4 2019, led by a 4% same-store sales decline in its Plus…