Ascena Retail
The parent company of different womenswear brands, Ascena Retail owns companies like Ann Taylor, Dress Barn, Lane Bryant, and Loft. Sadly, it experienced a decline in sales over the past two years or so. In an effort to counteract this, the company plans on shutting down hundreds of locations all across its brands. About 667 stores will be closing – 400 of those will close down by July.
Ascena Retail
Southeastern Grocers
Even supermarkets aren’t immune to bad sales. Southeastern Grocers, the parent company of Winn-Dixie, Harveys, and Bi-Lo, recently announced that it intends on shutting down 22 stores by March 25. The company made this decision less than a year after it came from Chapter 11 bankruptcy, which already led to 94 closures. Of the three brands, Bi-Lo will suffer the most, with 13 stores closing.
Southeastern Grocers