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You are here News Economy Ann Taylor and Loft parent files for Chapter 11; Justice stores closing

Ann Taylor and Loft parent files for Chapter 11; Justice stores closing

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Ann Taylor parent company closing 1600 storesThe parent company of Ann Taylor and Loft, Ascena Retail Group, filed for Chapter 11 bankruptcy protection Thursday and said it would close some 1,600 stores.

According to CNBC, "Ascena was once the biggest clothing retailer for women in the country, having amassed a portfolio of well-known brands for various sizes and age groups."

Ascena also is in the process of shutting down Catherines and is shutting down 600 of its Justice stores.

Justice stores in Tupelo, Biloxi, Hattiesburg, Meridian, Ridgeland and Southaven will be closed.

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