June 13, 2017
The list of retailers shuttering brick-and-mortar locations is getting a bit longer.
Several brands, owned by the Ascena Retail Group, are prepping the closure of 250 to 650 stores in the next two years, according to a ABC7 report.
The stores include Dress Bran, Loft, Lane Bryant, Ann Taylor, Maurices, Catherines and Justice.
Ascena CEO David Jaffee did not stipulate how many stores within each brand will be closed, according to the report. Jaffee said the closures are necessary due to a "persistent traffic decline."