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Ann Taylor Parent Ascena Retail Group Files for Bankruptcy, ‘Significant Number’ of Stores to Close

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The coronavirus has claimed another retail victim: this time, it’s Ascena Retail Group, which filed a voluntary Chapter 11 petition Thursday. The company said the pandemic has “disrupted meaningful progress” to optimize its balance sheet and accelerated the need for a proactive step to protect the business. The filing wasn’t unexpected, though there was speculation…

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