insert_link Fashion Ann Taylor and Lane Bryant Parent Co files for Bankruptcy Bloomberg reports that Ascena Retail Group Inc., owner of the Ann Taylor and Lane Bryant clothing chains, will close more than half its stores and hand control to its lenders after the Covid-19 pandemic tipped the debt-laden retailer into bankruptcy. The court filing on Thursday is the latest among U.S. retailers that have been pushed over the edge by shutdowns tied to the outbreak. The Chapter 11 action allows Ascena […] todayJuly 27, 2020
insert_link Fashion Brooks Brothers Goes Bust With Business Clothes Losing Favor Brooks Brothers Group Inc. filed for bankruptcy, felled by the pandemic’s impact on clothing sales and its own heavy debt load. The two-century-old apparel company is the latest to succumb as lockdowns during the coronavirus outbreak add to the woes of old-line retailers. Neiman Marcus Group Inc., J. Crew Group Inc. and John Varvatos Enterprises Inc. each filed for bankruptcy since the virus took hold. The Chapter 11 bankruptcy filing […] todayJuly 16, 2020
insert_link Fashion It’s Officially the End of a Retail Era: JCPenney files for Chapter 11 J.C. Penney, reeling from a one-two punch of the department store industry’s struggles and the coronavirus pandemic, filed for Chapter 11 bankruptcy protection on Friday. The company, which had racked up an unsustainable amount of debt in recent years, plans to close an unspecified number of stores permanently in a bid to survive bankruptcy. The retailer had 845 stores at the end of 2019, according to real estate data source CoStar Portfolio Strategy. […] todayMay 18, 2020
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