Thread regarding Ascena Retail Group Inc. layoffs

Fire Sale coming

Catherines Lane Bryant Justice are being offered to be sold in a similar offering as Maurices, with Ascena keeping 20-49% ownership. Positions will be eliminated and underperforming stores will be closed to make the offerings more attractive, (less operating cost/overhead). This is (rumored) and could be an and/or in any configuration with the three.

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Post ID: @OP+ZxI58nH

4 replies (most recent on top)

Will Catherines and Lane Bryant be sold or closed down ? Is that the reason there trying to get rid of everyone with any length.

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Post ID: @1Dfrf+ZxI58nH

I do believe that Justice would be part of this since along with Ann Taylor are the only bright spots at ascena. I think they need to sell the rest of maurices and do a full review of leadership. There are a lot of people at the Director or higher level at ascena that either do not have a clue or are bullies.

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Post ID: @2ocj+ZxI58nH

Does underperforming mean negative YOY or gross sales not 3 million?

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Post ID: @cpz+ZxI58nH

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