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

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

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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