Things Remembered
In February, gift and personalized item retailer Things Remembered finally found a buyer that will help it out. This happened after it applied for Chapter 11 bankruptcy protection, however. Enesco LLC ended up buying 176 locations from the retailer. Sadly, it was unable to save all 450 of its stores!
Things Remembered
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Ascena Retail
Lane Bryant, Dress Barn, Loft, and Anne Taylor are only some of the subsidiaries of Ascena Retail. The company has been seeing declining sales over the past years. To make up for it, the company wants to close hundreds of stores across its brands. There are approximately 667 stores up for closure. The plan was to close the first 400 of these by July.
Ascena Retail