Ann Taylor, Lane Bryant, Gymboree are the Latest to Close Stores
on June 12, 2017
15 Comments
More retailers have decided to close stores while Gymboree has filed for bankruptcy.
Ascena Retail Group has decided to close "between 250 and 650 locations over the next two years." This group owns Ann Taylor, Lane Bryant, and Justice stores among others.
CEO David Jaffe did not specify which brands the closures will affect. But he guaranteed that 250 stores will close. 400 others will definitely close "unless the company can negotiate lower rents at these locations."





