Seem like we are seeing this more and more.
Ann Taylor, Lane Bryant Parent Company Files For Bankruptcy. The latest ‘mall-pocalypse’ is here – the company behind Ann Taylor, Lane Bryant, and several other clothing store brands has filed for Chapter 11 bankruptcy.
Ascena Retail Group will be closing roughly 1600 stores, including brands like Catherines, Justice, Loft, and Lou & Grey.
The company joins a growing list of retailers who have filed for bankruptcy during the pandemic including J.C. Penney, J.Crew, and Neiman Marcus.