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Ann Taylor, Dress Barn owner to shutter stores to drive cost savings

bizjournals Monday, 12 June 2017
Ascena Retail Group, parent company of Ann Taylor, Lane Bryant and Dress Barn, said last week it will shutter a significant number of stores to drive cost savings. The New Jersey-based company will find substantial rent reductions or else close more than 650 stores over the next two years, according to the company’s third-quarter earnings report. The retailer has already closed 71 stores since the beginning of the year, with 50 more set to close during this quarter. The company said that actual…
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