Shebudgets
Ascena Retail
Ascena Retail owns Loft, Ann Taylor, Dress Barn, and Lane Bryant, which were pretty profitable in the past, but things haven’t been so well for the company in recent years. Ascena Retail has noticed a decline in revenue across the board and resorted to closing down around 700 stores across the nation.
Ascena Retail is not certain what its future will look like as all the stores that it owns are in a sharp decline. The company is hoping that online sales will keep some of these stores alive, but only time will tell.