Ann Taylor, Dress Barn, Justice, Loft, Lou Grey, Catherines, Lane Bryant, and Maurices are all retail outlets belonging to Ascena Retail Group. Now Ascena has announced 250 of the shops will definitely be shuttered for good. As many as 400 more could face the same fate if Ascena can’t negotiate a lower rental for the stores.
Ascena currently owns 4,800 stores. It anticipates the closings to take place over a two year period beginning immediately. Florence is home to a Maurices, Catherines, Justice, and Lane Bryant. No definite locations have yet been announced.