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

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.

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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