Ascena Retail
Ascena Retail is the parent company of different womenswear brands. Some of its subsidiaries are Ann Taylor, Dress Barn, Lane Bryant, and Loft. Unfortunately, it has experienced a decline in sales in the past couple of years. In an effort to counteract this loss, the company is planning to shut down hundreds of locations across its brands. Roughly 667 stores will be closing, 400 of which will close down by July.
Ascena Retail
Southeastern Grocers
No, even supermarkets are not immune to poor sales. Southeastern Grocers, the parent company of Winn-Dixie, Harveys, and Bi-Lo, announced its intention to shutter 22 stores on or before March 25. It made this decision less than a year after it came from Chapter 11 bankruptcy, which already led to 94 closures. Of the three subsidiary brands, Bi-Lo will suffer the most with 13 stores due for closure.
Southeastern Grocers
