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Here’s why the owner of Ann Taylor, Loft, and Lane Bryant is bankrupt

23 Jul 2020

These brands survived the retail apocalypse in the wake of the Great Recession, only to be hit hard when the coronavirus pandemic landed.

When the pandemic eventually recedes and you feel comfortable shopping in malls again, there’s a good chance the retail landscape will look very different. For instance, there will be far fewer Ann Taylor, Lane Bryant, and Loft stores to shop from. Ascena Retail Group, the umbrella company that owns these brands along with Catherine’s, Justice, and Lou & Grey, has just filed for bankruptcy.

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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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