Ann Taylor, Loft, Lane Bryant Stores To Close After Bankruptcy
HUDSON VALLEY, NY — In another blow to brick and mortar retail, the parent company that owns Ann Taylor and Lane Bryant has filed for Chapter 11 bankruptcy. The New Jersey-based Ascena announced Thursday that the coronavirus pandemic "disrupted meaningful progress underway to optimize balance sheets."
The company owns retail chains Ann Taylor, Loft, Justice, Lane Bryant, Catherines and Lou & Grey with 2,800 stores in total across the United States and Canada, many in malls and shopping centers. Ascena said they will close a number of Justice stores, and some Ann Taylor, Loft, Lane Bryant and Lou & Grey locations. They will shutter all locations outside the U.S.
The final number of locations to close is not yet determined, the company stated in the news release. Ascena previously closed all Dressbarn locations last year.
In the Hudson Valley, there are Ann Taylor stores in Scarsdale and White Plains.
Lane Bryant has stores in Poughkeepsie and Pelham Manor. The stores in West Nyack, White Plains and Middletown will be closing, according to the Journal News.
The Justice stores in White Plains, West Nyack, Yorktown, Poughkeepsie and Middletown will be closing. That leaves only the Yonkers location open, the Journal News reported.
Loft stores are located in White Plains, Scarsdale, Yonkers, Nanuet, Poughkeepsie, Yorktown and Middletown.
J. Crew was among other retailers to declare bankruptcy in the wake of the pandemic.
Written by Jacqueline Sweet, Patch Staff, with additional reporting by Michael Woyton/Patch Staff.
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This article originally appeared on the Scarsdale Patch
