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Ascena Has Already Started Closing Stores—How Close Is a Bankruptcy Filing?

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Ascena Retail Group, parent to apparel brands Ann Taylor and Lane Bryant, has started closing stores ahead of a likely bankruptcy filing.
Lane Bryant, owned by Ascena, shed 22 stores since Feb. 2.
CREDIT: AP Photo/Paul Sakuma

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Ann Taylor parent Ascena Retail Group is said to be in the process of closing stores ahead of probable. bankruptcy filing. Sources said Ascena, which also owns nameplates including Lane Byant and Ann Taylor Loft, has already started closing stores or elected not to reopen locations that temporarily shut down in March to curb the…

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