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.

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.

Earn a $25 savings card for every $50 you spend prior to tax at LOFT stores and on LOFT.com September 11, 2013 through September 21, 2013. Redeem your $25 savings card September 22, 2013 through ...