Lane Bryant's parent company will jettison 157 stores after filing for Chapter 11
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- The Ascena Retail Group will shutter at least 157 Lane Bryant stores.
- Ascena also owns Catherines and Justice, as well as Ann Inc., the parent company of both Ann Taylor and Loft.
- The Lane Bryant closures will hit malls and standalone stores across the United States.
- Visit Business Insider's homepage for more stories.
Over a hundred Lane Bryant stores will shutter as the clothing shop's parent company struggles with the effects of COVID-19.
The Ascena Retail Group also owns Justice and Catherines, as well as the parent company of both Ann Taylor and Loft. In a July 23 Chapter 11 filing, the company announced its intent "to close and wind down approximately 1,100 underperforming brick-and-mortar store locations" across its 2,800 brick-and-mortar stores in the United States and Canada.
See the rest of the story at Business Insider
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