ascena Retail Group, Inc. (2024)

FAQs

Is Ascena a good company to work for? ›

Ascena Retail Group Rankings

Ascena Retail Group is ranked #100 on the Best Retail Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies.

On July 23, 2020, the company filed for Chapter 11 bankruptcy and announced the closing of all Catherines and Lou & Grey stores, a significant number of Justice stores, and a select number of Ann Taylor, LOFT, and Lane Bryant stores.

Ascena Retail Group competitors include Pacsun, Stitch Fix, EXPRESS, DSW and Roman.

Bath & Body Works, Inc.

Ascena Retail Group

The Limited

Sycamore Partners

Premium Apparel, LLC

The dress code at Ascena Retail Group is casual.

The company, Ascena Retail Group, will close 1,600 of its approximately 2,800 stores and hopes to shed $1 billion of its $1.1 billion in debt, the company said in a Chapter 11 filing in U.S. Bankruptcy Court in the Eastern District of Virginia.

ascena is a national specialty retailer offering apparel, shoes and accessories for women. Through our collective brands—including Ann Taylor, LOFT, Lane Bryant and Cacique—we serve women across generations, identities, affiliations and body types.

Ascena Retail Group has 53,000 employees.

We operate ecommerce websites and over 1,200 stores throughout the United States.

Sycamore will acquire all the brand assets “on a cash-free and debt-free basis, subject to certain adjustments, and the assumption of certain liabilities,” Ascena said Thursday.

Does Ascena own Dress Barn? ›

Dressbarn.com (branded as dressbarn) is an online retailer owned by Retail Ecommerce Ventures. Its predecessor is the former chain of women's clothing stores owned by Ascena, which operated as Dressbarn from 1962 until 2019. Since 2020, it is owned by Miami, Florida-based Retail Ecommerce Ventures.

Talbots' parent company Sycamore Partners recently purchased the Ascena Retail Group Inc., which owns Ann Taylor, Loft, Lane Bryant and Lou & Grey, for $540 million.

Ascena said Thursday it plans to permanently close a “significant” number of Justice stores, along with certain Ann Taylor, Loft, Lane Bryant and Lou & Grey stores during its restructuring. It added that it will permanently close all of its stores, across brands, in Canada, Puerto Rico and Mexico.

The bankrupt retailer has entered into an agreement to sell its remaining brands — Ann Taylor, Loft, Lou & Grey and Lane Bryant — to Premium Apparel LLC, an affiliate of Sycamore Partners, whose holdings include Belk, Talbots, The Limited, Hot Topic and Torrid.

Business Casual. Jeans and regular t-shirts or long sleeve. casual.

Duluth-based specialty retail chain Maurices is changing hands in a $300 million deal announced Monday. An affiliate of the London-based private-equity firm, OpCapita LLP, has bought a majority stake in the struggling retailer from Ascena Retail Group, which also owns Ann Taylor, Lane Bryant and Dress Barn.

In addition to Maurices, Ascena also operates as the parent company of Ann Taylor, Loft, Lou & Grey, Dressbarn, Lane Bryant, Catherines, Cacique and Justice.

Is Ascena Retail closing? ›

On Thursday, Ascena Retail Group filed for Chapter 11 bankruptcy and announced plans to close approximately 1,100 stores. Among those 1,100 stores are 10 Ann Taylor stores, 28 Ann Taylor Factory stores, nine LOFT stores, 21 LOFT Outlet stores, and eight Lou & Grey stores.

Ascena Retail is a private company with an estimated 53,000 employees. In the US, the company has a notable market share in at least two industries: Children's & Infants' Clothing Stores, Plus-Size Women's Clothing Stores and Children's & Infants' Clothing Stores.

Lizanne Kindler (Jan 2021–)

Ascena Retail Group / CEO

Ascena Retail Group is headquartered in Mahwah, New Jersey.

The company was founded by Elliot S. Jaffe and Roslyn S. Jaffe in 1962 and is headquartered in Mahwah, NJ.

Ascena Retail Group

DressBarn / Parent organization

We encourage you to come visit and shop with us in store. We want to see you! Additionally, our sister brand, Lane Bryant, is available and happy to serve you in store and online. We urge you to see their latest collections and how their style fits you.

Ascena Retail Group

Ann Inc. / Parent organization

Before the pandemic, the retail sector in New York City accounted for 32,600 establishments, 344,600 private sector jobs and $16 billion in total wages in 2019.

What are the Ann Taylor brands? ›

The brand is marketed under five divisions: Ann Taylor, Loft, Lou & Grey, Ann Taylor Factory, and Loft Outlet.

Bad news for everyone who enjoys shopping at Lane Bryant — including me. Their parent company, Ascena Retail Group, announced they are filing for bankruptcy, like so many other companies have had to do recently.

Ascena, which also owns apparel chains Ann Taylor and Loft, said the decision wasn't an easy one. But the “Dressbarn chain has not been operating at an acceptable level of profitability in today's retail environment,” Dressbarn CFO Steven Taylor said in a press release.

About Sycamore Partners

The firm's investment portfolio currently includes Belk, Coldwater Creek, EMP Merchandising, Hot Topic, MGF Sourcing, NBG Home, Nine West Holdings, Talbots, The Limited and Torrid.

Muto said the company will eventually close all its roughly 650 Dressbarn stores, but that they remain open for now. Ascena indicated the winddown would not affect its other brands — which include Ann Taylor and Loft.

Banana Republic is an upscale clothing and accessories retailer owned by The Gap.

TPG

Leonard Green & Partners

Chinos Intermediate Holdings B...

Talbots is the first to close up shop.

According to the spokesperson, the clothing store's lease is up at the end of January, and the company has chosen not to renew it. The closure was "mutually agreed upon," the spokesperson told Providence Business News.

The J. Jill Group Inc., purchased by The Talbots, Inc., in 2006, is an upscale specialty marketer of women's apparel, accessories, and gifts under the J. Jill brand. It uses multiple distribution channels to market its wares, including its catalogs, retail stores, and web site.

I recall going to Talbot's with my grandmother as a youngster and even then it was categorized as 'the old lady store'. Yup, that is where all the older but fashionable women went before a night out a the jazz club with their husband's.

Why are so many Ann Taylor stores closing? ›

Ascena Retail Group, the conglomerate behind women's apparel brands Ann Taylor, Lane Bryant and Catherines, filed for Chapter 11 bankruptcy Thursday and said it would close at least 877 - nearly a third - of its 2,800 stores after years of declining sales and ballooning debt.

Ann Taylor Owner Files for Bankruptcy

Ascena Retail Group, which listed about $12.5 billion of debts, has entered into a restructuring support agreement with over 68 percent of its secured term lenders.

Premium Apparel LLC, an affiliate of Sycamore, bought Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands from Ascena in December for $540 million, agreeing to keep at least 900 stores open.

Talbots. Women's clothing store Talbots is among apparel retailers at risk. The company is facing sector challenges, as many consumers have turned away from malls amid the pandemic. Talbots doesn't have much cash on hand, and it's debt is coming due soon, analysts said.

In 1948, the Talbots launched a direct mail business by distributing 3,000 fliers to names obtained from The New Yorker magazine. In 1973, they sold the company, consisting of a growing catalog enterprise and five stores, to General Mills.

J. Jill was founded in Great Barrington, Mass. In 1955, and was named after the owner's daughter Jill. It was sold to Talbots TLB 0.0% in 2006 who topped Liz Clayborne's bid for the brand by bidding $517 Million, In 2009 Gold Gate Capital acquired the company for a mere $63 million.

Ascena restructuring approved post-bankruptcy. A bankruptcy court has approved Ascena Retail Group's Chapter 11 plans. Under the plans, Ascena — which owns Ann Taylor, Lane Bryant, Loft and Lou & Grey — will be renamed Mahwah Bergen Retail Group.

2.51 - 3.50 Employees say it's "OK" ​3.51 - 4.00 Employees are "Satisfied" ​4.01 - 5.00 Employees are "Very Satisfied"

Does Glassdoor underestimate salaries? ›

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