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.

Bath & Body Works, Inc.

Ascena Retail Group

The Limited

Sycamore Partners

Premium Apparel, LLC

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.

The dress code at Ascena Retail Group is casual.

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

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.

Our Company

ascena is a national specialty retailer offering apparel, shoes and accessories for women.

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.

Over a hundred Lane Bryant stores will shutter as the clothing shop's parent company struggles with the effects of COVID-19. The Ascena Retail Group also owns Justice and Catherines, as well as the parent company of both Ann Taylor and Loft.

Who bought out Ascena Retail Group? ›

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.

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.

During the first three quarters of 2020, Talbots' revenue fell by 40 percent, the agency found, promoting the retailer to take “aggressive action” to preserve cash.

Ask your point of contact

One way to ask about the dress code is to be direct. If you spoke with a recruiter or hiring manager on the phone, you can simply ask them what the dress code is ahead of your interview or the first day of work.

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

Ascena Retail Group has 53,000 employees.

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.

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

How much is Ascena worth? ›

As of January 2023, foreign countries own $7.4 trillion in Treasuries — or roughly 24% of total US debt. Over the past two decades, central banks and other government entities have owned 50-75% of foreign-owned debt over the past two decades. Independent investors and companies held the rest.

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.

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.

"The combined effects of a challenging retail environment coupled with the impact of the Coronavirus (COVID-19) pandemic have caused significant financial distress on our business, and we expect it to continue to do so in the future," Sheamus Toal, RTW Retailwinds CEO and chief financial officer, said in the release.

The remaining assets of the Justice brand was sold to Premier Brands Group in December 2020. In 2021, Justice relaunched the Shopjustice.com website under its new owners. The brand began to be sold at Walmart stores. This fills the void left by their brand stores that closed in 2020.

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.

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.

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.

Is Lane Bryant now woman within? ›

(Multichannel Merchant) A year before multititle mailer Redcats USA loses the rights to the Lane Bryant Catalog, it has revealed its new name for the venerable plus-size women's apparel brand: Woman Within.

In their piece, titled “Owner of Ann Taylor, Lane Bryant Files For Bankruptcy and Will Close Some Stores,” the following explanation is stated for the parent company's decision: Ascena said it filed for Chapter 11 bankruptcy, citing the COVID-19 pandemic and subsequent shutdowns as having “severely disrupted” its ...

Ascena Retail Group said Monday it's winding down its Dressbarn business and plans to shut all 650 or so of the women's clothing stores in order to focus on its more profitable brands. Ascena, which also owns apparel chains Ann Taylor and Loft, said the decision wasn't an easy one.

Talbots is making great strides to become a cult brand for women between the ages of 45 to 65 years old and right now it is focusing on reclaiming its brand DNA and sense of style.

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.

General Mills acquired Talbots in 1973 and gave it the financial backing for a store expansion into 25 states. Japanese retailer AEON acquired Talbots in 1988 and continues to hold majority ownership.

In June 2014, Sycamore Partners, owner of brands including Talbots, Nine West, and Stuart Weitzman, purchased Coldwater Creek's intellectual property (use of the name, logo and customer list) through CWC Direct LLC, and opened new headquarters in Hingham, Massachusetts.

Effective today, we've decided to temporarily close all of our stores in order to help protect our communities and contain the spread of the coronavirus.

J. Jill's target audience is also a bit older than that of comparable brands, centered on 45- to 60-year-olds.

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.

Who are Talbots top competitors? ›

Talbots competitors include Ann Taylor, Gap Inc. and ANN INC.. Talbots ranks 1st in CEO Score on Comparably vs its competitors. See below how Talbots compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.

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

Ascena Retail Group has 53,000 employees.

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.

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.

Lizanne Kindler (Jan 2021–)

Ascena Retail Group / CEO

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

REV acquired the Dressbarn name and intellectual property rights, after Dressbarn's parent, Ascena Retail Group, announced in May, 2019 that it was giving up on the money-losing chain, and closing all 650 Dressbarn stores.

Where is Ascena Retail Group located? ›

Ascena Retail Group is headquartered in Mahwah, New Jersey.