Things Remembered
Things Remembered found a buyer who helped save many stores after filing for Chapter 11 bankruptcy in February 2019. The retailer specializing in personalized items and engraved products sold 176 locations to Enesco LLC. Even so, it was only able to save a small portion of the original. The company had 450 locations at the time of the bankruptcy filing. Regrettably, this meant that 250 stores would have to close.
Things Remembered
Ascena Retail
What are the similarities between Ann Taylor, Dress Barn, Lane Bryant, and Loft? They’re all owned by the same company, Ascena Retail! Over the last few years, the company’s sales have been declining. To make amends, the company intends to close hundreds of stores across all of its brands. Around 667 locations are set to close, with the first 400 scheduled to close in July 2019.
Ascena Retail
