Lane Bryant, Justice, Anne Taylor to Close 1,200 Stores
If you love Lane Bryant, Justice and Anne Taylor like we do, then we’re sorry to break this bad news. Because, the parent company of these awesome stores is planning to file for bankruptcy and close nearly half of their locations. As soon as we know specifics, such as the list of locations closing, we will be sure to share. Liquidation sales could start as early as this week.
Is Lane Bryant Going Out of Business?
Due to the Coronavirus pandemic, Ascena closed all its stores in mid-March. However, only about 450 have reopened.
Ascena Retail Group, the owner of brands like Lane Bryant, Ann Taylor, Justice and Catherines, is preparing to file for bankruptcy and close at least 1,200 of its 2,800 stores as soon as this week, according to Bloomberg. At this time, a full list of store locations closing has not been made available.
This is a developing store, so we will keep you posted.
Our hearts go out to the employees affected by these shutdowns. And, to the consumers who rely on these stores.
COVID Retail Apocalypse
This news comes on the heels ofretail giants such as J.C. Penney declared bankruptcy and plans to close 200 stores, And, Victoria’s Secret and Bath & Body Works announced they were closing 300 stores. Gordmans bankruptcy and store closings. Tuesday Morning stores declare bankruptcy. And, of course, Pier One Imports closing all of their stores. Shortly after Neiman Marcus, another department store giant, declared Chapter 11 bankruptcy amid the coronavirus pandemic. And, most recently The Children’s Place announced they would close 300 stores. and 24-Hour fitness closes doors to nearly half of its clubs. See all of the recent store closings in the Covid Retail Apocalypse.
See all the 2020 Stores Closing here.
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