Ascena Retail
Ascena Retail is the parent company of a range of various women’s wear brands, including Ann Taylor, Loft, Dress Barn, and Lane Bryant. Overall, the company’s revenues have declined in recent years. In order to make up for the losses, the company plans to close down hundreds of its stores in all its brands. Approximately 667 sites are planned to be closed in total, the first 400 of which are scheduled to be closed by July of this year.
Ascena Retail
Southeastern Grocers
Supermarkets are also facing a range of business problems. Southeastern Grocers, which owns markets such as Harveys, Bi-Lo and Winn-Dixie, reported plans in shutting down 22 stores by March 25 of this year. The decision to close some of its stores came less than a year after Southeastern Grocers recovered from the collapse under Chapter 11. Initially, the bankruptcy resulted in the closing of 94 of its shops. Bi-Lo, out of the three brands, will lose the most because 13 of its stores will be shuttered.
Southeastern Grocers
