Posts filtered by tags: Ascena Retail Group[x]


 

Ann Taylor to ditch alpaca wool after PETA probe

Ann Taylor is packing up the alpaca. Ascena Retail Group, the clothing conglomerate that owns the Ann Taylor, LOFT and Lou & Grey plans to stop using wool from the llama-like creatures amid concerns from animal-rights activists about the sometimes brutal process of producing it. Ascena’s brands currently sell several sweaters made with fabric blends...
Tags: Fashion, Peta, Ascena Retail Group, Ascena, Ann Taylor, Ann Taylor Loft, Lou Grey


2 mall owners with 130 locations across the US are filing for bankruptcy ahead of the holiday shopping season

A JCPenny store. Reuters Two US mall chains that own a total 130 malls filed for bankruptcy. The locations will remain open for now during financial restructuring. The coronavirus pandemic has been catastrophic for retailers, and malls might not bounce back. Visit Business Insider's homepage for more stories. The owners of a combined 130 malls just filed for bankruptcy, CNN reported.CBL & Associates, based in Tennessee, and PREIT, based in Pennsylvania, both filed for Chapter 11 bankruptcy...
Tags: US, Trends, Cnn, Pennsylvania, Tennessee, Business Insider, Reuters, Jc Penney, Ascena Retail Group, CBL, Green Street Advisors, Mary Meisenzahl, CBL Associates, Macy s Neiman Marcus


Amazon's expansion of its personal styling service is not an automatic death sentence for Stitch Fix

Amazon expanded its Personal Shopper by Prime Wardrobe service to include men's clothing. Amazon Amazon announced an expansion to its Personal Shopper by Prime Wardrobe service, leading many to wonder about the impact it will have on Stitch Fix.  "Obviously, whenever Amazon does anything in retail, we all pay really close attention, and apparel has been a strategic focus of theirs for a long time," Ed Yruma, managing director at KeyBanc Capital Markets, told Business Insider.  But anal...
Tags: Amazon, Trends, Vogue, Stitch Fix, BMO Capital Markets, SIEGEL, Ascena Retail Group, Lane Bryant, Amazon Amazon, Council of Fashion Designers of America, KeyBanc Capital Markets, Ed Yruma, Madeline Stone, Yruma, Simeon Siegel


The expansion of Amazon's Personal Shopper service set off alarm bells for Stitch Fix — but analysts say it has some decisive advantages over the retail giant

Amazon expanded its Personal Shopper by Prime Wardrobe service to include men's clothing this week. Amazon Amazon announced an expansion to its Personal Shopper by Prime Wardrobe service this week, leading many to wonder about the impact it will have on Stitch Fix.  "Obviously, whenever Amazon does anything in retail, we all pay really close attention, and apparel has been a strategic focus of theirs for a long time," Ed Yruma, managing director at KeyBanc Capital Markets, told Busines...
Tags: Amazon, Trends, Vogue, Stitch Fix, BMO Capital Markets, SIEGEL, Ascena Retail Group, Lane Bryant, Amazon Amazon, Council of Fashion Designers of America, KeyBanc Capital Markets, Ed Yruma, Madeline Stone, Yruma, Simeon Siegel


Justice stores closing 2020: More locations to close as part of Ascena Retail Group bankruptcy. See the new list.

Is your Justice store closing? The tween retailer is shuttering 23 more U.S. stores as part of Ascena Retail Group's bankruptcy. Here's the new list.         [Author: USA TODAY]
Tags: Usa, News, Usa Today, Ascena Retail Group


Pandemic fallout: 40-plus retail chains bankrupt

When Archie Jafree heard that Lord & Taylor filed for Chapter 11 bankruptcy in early August, he was sad about the fate of the storied retailer with roots dating back to 1824. Still, the 36-year-old northern Virginia resident acknowledged he hadn’t shopped there in months, preferring instead to go to Nordstrom and Zara, where he feels the customer service is better. “It had good quality clothes,” Jafree said of Lord & Taylor, “but they hadn’t evolved with the times.” Many shoppers like Jafree are...
Tags: Nordstrom, Business, Virginia, Uncategorized, Sport, Soccer, Zara, Taylor, Asos, Gucci, Omaha Nebraska, Penney, Simon Property Group, Gonzalez, McKenna, McKinsey Co


If you have a gift card for JCPenney, Lord & Taylor, or another bankrupt retailer, experts say you should use it right away

There's no use in holding on to a gift card from a retailer that's filed for bankruptcy. REUTERS/Kamil Krzaczynski If you have a gift card to a retailer that has filed for bankruptcy, it's best to use it right away, according to Darren Azman, partner at McDermott Will & Emery. While most retailers will want to honor gift cards throughout bankruptcy, there are plenty of uncertainties in any restructuring. Shoppers should make sure they're up-to-date on a retailer's policies before pl...
Tags: Trends, Taylor, Neiman Marcus, McDermott, Ascena Retail Group, McDermott Will Emery, Kamil Krzaczynski, Madeline Stone, JCPenney Lord amp, Darren Azman, Azman, Lord Taylor JCPenney Neiman Marcus Brooks Brothers


Stein Mart files for bankruptcy; to close nearly 300 stores

National discount department store chain Stein Mart filed for bankruptcy on Wednesday after 112 years in business, and announced that it will close most, if not all, of its 280 stores. “The combined effects of a challenging retail environment coupled with the impact of the Coronavirus (COVID-19) pandemic have caused significant financial distress on our business,” wrote Chief Executive Officer Hunt Hawkins in a news release. “The Company lacks sufficient liquidity to continue operating in the or...
Tags: Nordstrom, Business, News, Mississippi, America, Sport, Canada, Soccer, Taylor, Arcadia, Southern California, Neiman Marcus, Hunt, Riverside, Penney, Montclair


Lord & Taylor seeks bankruptcy as retail rout continues

Lord & Taylor, America’s oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the pandemic. Household names, many longtime anchors in malls nationwide, were already struggling to keep up with a radical reformation in what people buy, and where they buy it. Much of that activity has moved online. Thousands of store closures forced by the arrival of COVID-19 has proved too much. Lor...
Tags: Business, New York, Sport, Bankruptcy, Barneys New York, Soccer, Manhattan, Fifth Avenue, Taylor, Ascena Retail Group, Lane Bryant, Brooks Brothers, Ann Taylor, Jos A Bank, Tailored Brands, Men 's Wearhouse


Lane Bryant, Ann Taylor owner files for bankruptcy protection due to COVID-19, plans to close 1,600 stores

Ascena Retail Group filed for Chapter 11 bankruptcy protection and plans to close all Catherines stores and a significant number of Justice stores.         [Author: USA TODAY]
Tags: Usa, News, Justice, Usa Today, Ascena Retail Group, COVID, Lane Bryant Ann Taylor


Ascena Retail Group Files Bankruptcy, Citing Covid-19 as the Main Culprit

Ascena Retail Group, the parent of brands such as Ann Taylor and Loft, filed for Chapter 11 bankruptcy protection this morning in Virginia, the company announced. Tied to the bankruptcy is a restructuring agreement with a majority of its secured lenders, under which Ascena would reduce its debt by about $1 billion, swapping it out...
Tags: Virginia, Advertising, Ascena Retail Group, Ascena, Ann Taylor, Adapting to Crisis, Ascena Retail Group Files Bankruptcy Citing Covid


Coronavirus forces Lane Bryant, Ann Taylor owner to file for bankruptcy protection, close stores

Ascena Retail Group is slated to close all of its Catherines stores, in addition to closing a "significant number" of its Justice stores and a "select number" of Ann Taylor, LOFT, Lane Bryant and Lou & Grey stores.
Tags: Finance, Article, FBN, Ascena Retail Group, Fbn/markets, FOXBusiness, Fox-business/industries/retail, Lou Grey, Catherines, Ann Taylor Loft Lane Bryant, Fox-business/jobs/bankruptcy, Daniella Genovese, Fox-business/topic/coronavirus, Lane Bryant Ann Taylor, D04ad044-849c-5264-bd80-d113bc127d61


Owner of Ann Taylor and Lane Bryant files for bankruptcy

Ascena Retail Group, the owner of Ann Taylor and other clothing brands, has filed for bankruptcy. It's the latest retailer forced to take that step during the Covid-19 pandemic.
Tags: News, Stories, Ascena Retail Group, Lane Bryant, Ann Taylor


Lane Bryant, Ann Taylor owner files for bankruptcy protection due to COVID-19, closing all Catherines stores

Ascena Retail Group filed for Chapter 11 bankruptcy protection and plans to close all Catherines stores and a significant number of Justice stores.         [Author: USA TODAY]
Tags: Usa, News, Justice, Usa Today, Ascena Retail Group, Lane Bryant Ann Taylor


Coronavirus Update 4-14-2020: Telecommuting as a reasonable accommodation

Telecommuting has become the coronavirus norm. The CDC recommends that employees who can work from home do so, and state Stay at Home orders are requiring telework whenever possible. The larger questions, however, are whether COVID-19 will change our national outlook on the viability of telework, or when his crisis ends will businesses return to their pre-coronavirus telework hostility? I hope it’s the former but I fear it’s the latter. And if it’s the latter, Tchankpa v. Ascena Retail Group, ...
Tags: Law, Cdc, Bureau of Labor Statistics, Who, Stacy, Ascena Retail Group, Ascena, Jon Hyman, Brookings Institute, 6th Circuit, Charles Deluvio, COVID, Tchankpa, Kassi Tchankpa


Going out of business: Ascena Retail Group closing all of its nearly 650 Dressbarn stores

For now, the Dressbarn website and all stores are open. The company says there are no current changes to its return, refund, or gift card policies.            [Author: USA TODAY]
Tags: Usa, News, Usa Today, Ascena Retail Group


Loft, Ann Taylor, Lane Bryant, Dressbarn owner will shutter stores

Ascena Retail Group, parent company of Ann Taylor, Loft, Lane Bryant and Dressbarn, will shutter a significant number of stores to drive cost savings. The New Jersey-based company will find substantial rent reductions or else close more than 650 stores during the next two years, according to the company's third-quarter earnings report. The company has roughly 29 store locations in the Tampa Bay area. The retailers have already closed 71 stores since the beginning of the year, with 50 more set ...
Tags: New Jersey, Tampa Bay, Ascena Retail Group, Dressbarn, Ann Taylor Lane Bryant Dressbarn, Ann Taylor Loft Lane Bryant


Loft, Ann Taylor, Lane Bryant, Dressbarn owner will shutter stores

Ascena Retail Group, parent company of Ann Taylor, Loft, Lane Bryant and Dressbarn, will shutter a significant number of stores to drive cost savings. The New Jersey-based company will find substantial rent reductions or else close more than 650 stores during the next two years, according to the company's third-quarter earnings report. The company has roughly 26 store locations in metro Orlando. The retailers have already closed 71 stores since the beginning of the year, with 50 more set to cl...
Tags: New Jersey, Orlando, Ascena Retail Group, Dressbarn, Ann Taylor Lane Bryant Dressbarn, Ann Taylor Loft Lane Bryant


Ann Taylor, Dress Barn owner could shutter 650 stores to drive cost savings

Ascena Retail Group, parent company of Ann Taylor, Lane Bryant and Dress Barn, said Thursday it will shutter a significant number of stores to drive cost savings. The New Jersey-based company will find substantial rent reductions or else close more than 650 stores over the next two years, according to the company’s third-quarter earnings report. The retailer has already closed 71 stores since the beginning of the year, with 50 more set to close during this quarter. The company said that actual...
Tags: New Jersey, Ascena Retail Group, Ann Taylor Dress Barn, Ann Taylor Lane Bryant and Dress Barn


Ann Taylor, Dress Barn owner to shutter stores

Ascena Retail Group, parent company of Ann Taylor, Lane Bryant and Dress Barn, said it will shutter a significant number of stores to drive cost savings. All three brands have a presence in the Sacramento area. The New Jersey-based company will find substantial rent reductions or else close more than 650 stores over the next two years, according to the company’s third-quarter earnings report. The retailer has already closed 71 stores since the beginning of the year, with 50 more set to close…...
Tags: Sacramento, New Jersey, Ascena Retail Group, Ann Taylor Dress Barn, Ann Taylor Lane Bryant and Dress Barn


Ann Taylor, Dress Barn owner to shutter stores to drive cost savings

Ascena Retail Group, parent company of Ann Taylor, Lane Bryant and Dress Barn, said last week it will shutter a significant number of stores to drive cost savings. The New Jersey-based company will find substantial rent reductions or else close more than 650 stores over the next two years, according to the company’s third-quarter earnings report. The retailer has already closed 71 stores since the beginning of the year, with 50 more set to close during this quarter. The company said that actu...
Tags: New Jersey, Ascena Retail Group, Ann Taylor Dress Barn, Ann Taylor Lane Bryant and Dress Barn


Ann Taylor, Dress Barn owner to shutter stores to drive cost savings

Ascena Retail Group, parent company of Ann Taylor, Lane Bryant and Dress Barn, said Thursday it will shutter a significant number of stores to drive cost savings. The New Jersey-based company will find substantial rent reductions or else close more than 650 stores over the next two years, according to the company’s third-quarter earnings report. The retailer has already closed 71 stores since the beginning of the year, with 50 more set to close during this quarter. The company said that actua...
Tags: New Jersey, Ascena Retail Group, Ann Taylor Dress Barn, Ann Taylor Lane Bryant and Dress Barn




Ann Taylor, Dress Barn owner closing 25 percent of its stores

Ascena Retail Group, the owner of Ann Taylor, Dress Barn and Lane Bryant clothing retailers, is closing up to 657 stores, or 25 percent of its total number, the company said on Thursday. Ascena reported a loss of $1.03 billion in the most recent quarter as same-store sales sank 8 percent.
Tags: Fashion, Ascena Retail Group, Lane Bryant, Ascena, Ann Taylor Dress Barn


Why I Won't Go Near Brick-and-Mortar Apparel Stocks Right Now

Last week, investors experienced a violent sell-off for many department-store apparel retailers after some companies posted earnings. Macy's (NYSE: M) , Kohl's, Nordstrom (NYSE: JWN) , J.C. Penney (NYSE: JCP) , Sears, and Ascena Retail Group all took a beating, down between 10% and 30% in just one week.The catalysts were earnings reports from several names, although not every company mentioned reported. Still, almost any retailer primarily selling full-priced apparel was sold off, as investor...
Tags: Finance, Consumer Goods, M, Macy, Kohl, Penney, Ascena Retail Group, JCP, Getty Images Continue, JWN, Nordstrom NYSE, Billy Duberstein, JCP Sears, B49fa618-382b-11e7-8235-0050569d32b9, Mortar Apparel Stocks Right Now


HoneyBaked Ham names former Lane Bryant chief as CEO

Linda Heasley is ditching the tumultuous fashion retail segment for the food industry. The former women's clothing innovator has taken the top post at Norcross, Georgia-based HoneyBaked Ham Co. just days after news broke of her resigning from Ascena Retail Group, where she was CEO of Lane Bryant and Catherine's. “We have been pursuing Linda for months,” said HoneyBaked Ham Chair and interim CEO Paul Roth. “She is a well-respected and visionary CEO with a proven track record of developing… ...
Tags: Catherine, Linda, Ascena Retail Group, Lane Bryant, Norcross Georgia, Linda Heasley


Another Mall Staple Calls It Quits: The Limited Is Reportedly Closing Its Stores

Our inner tweens mourned the end of Limited Too when the brand, beloved for its animal graphic tees and scrunchy tops, shuttered in the mid-aughts. While our hearts fluttered when news of a comeback surfaced, it seems its once-older sibling hasn't been faring as well. The Limited is reportedly shutting down retail operations on January 7, according to Racked.The news isn't totally unexpected: A Bloomberg report from December anticipated that a bankruptcy filing from The Limited was imminent. Sh...
Tags: Fashion, Music, Justice, Bloomberg, Tiffany Co, Aeropostale, Ascena Retail Group, Sun Capital, Limited Stores


Mahwah-based Ascena Retail Group reports 4 pct drop in holiday sales

Mahwah-based specialty retailer Ascena Retail Group, which owns and operates brands such as women's specialty clothing companies Lane Bryant and Dressbarn, said Tuesday that holiday sales dropped 4 percent. Ascena President and Chief Executive Officer David Jaffe said the holiday period - from Nov. 21 to Jan. 3 - was affected by "soft traffic" and "unseasonably warm weather."
Tags: Mahwah, Ascena Retail Group, Lane Bryant, Dressbarn, Ascena, David Jaffe


Ascena Retail Group buying owner of Ann Taylor, Loft stores for about $2.16 billion

The Ascena Retail Group is buying the owner of Ann Taylor and Loft stores in a cash-and-stock deal valued at about $2.16 billion. Ann Taylor will a stable of retail clothing stores owned by Ascena, including Lane Bryant, Justice, Dress Barn and Cacique.
Tags: Ascena Retail Group, Ascena, Ann Taylor, Ann Taylor Loft, Lane Bryant Justice Dress Barn