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Ascena Retail Group, which owns Ann Taylor, Dress Barn, Loft, Lane Bryant, Justice, Maurices and Catherines stores, plans to close between 250 and 650 locations over the next two years.
Ann Taylor Factory Store closures Glendale, Arizona: 6800 N. 95th Ave. Napa, California: 681 Factory Store Drive Petaluma, California: 2200 Petaluma Blvd. N. Vacaville, California: 321 Nut Tree Road ...
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. Keep reading to see which locations are affected.
Ann Inc. (ANN) shareholders will receive $37.34 in cash and 0.68 of a share of Ascena Retail Group Inc. stock in exchange for each of their shares. The companies put the total price at $47 per share.
Ascena Retail Group, the parent company of Ann Taylor, Lane Bryant and other chains, plans to cut the number of its retail locations by nearly 60%, to about 1,200 from about 2,800.
Holtz, who worked for Ann Taylor from 1997 to 2000 before joining the Limited, Inc., has been serving as a consultant to Loft for about six weeks, sources said.
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