The closing sales are expected to last 30 to 60 days from "the filing date depending on the store location," Ascena said in its frequently asked questions.Īscena Retail Group Inc. SB360 Capital Partners will manage Catherines' going-out-of-business liquidation sales as well as the closing sales at its sister brands, court records show. SB360 managed Charlotte Russe's 2019 liquidation and is currently handling Modell's Sporting Goods' closing sales.
Thursday's list included more than 1,100 closures, but the company said it plans to close 1,600 of its stores.Īccording to frequently asked questions posted on Ascena's restructuring website, the final number of store closings "will be determined based on the ability of Ascena and our landlords to reach agreement on sustainable lease structures." Justice store closings: 600-plus locations to shutter as part of Ascena Retail Group bankruptcy. Is your Lane Bryant closing? Here are the 150-plus locations, including outlet stores, slated to liquidate Eight of the smaller Lou & Grey brand also will shutter.
New Jersey-based Ascena, which operates the Justice tween brand and plus-size retailers Lane Bryant, Cacique and Catherines, said in court records Thursday that, altogether, the retailers would "reduce their store fleet from approximately 2,800 stores to approximately 1,200 stores."īut the majority of the stores that will initially close are Justice and Catherines locations.Īccording to the bankruptcy filing, 30 of Loft's 666 stores and outlets will close along with 38 of Ann Taylor's 291 locations. While Ascena Retail Group said it plans to close more than half of its stores as part of its bankruptcy, Ann Taylor and Loft stores aren't facing the same number of closings as their sister brands.
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