Chain Store Age
All brands are not created equal. Just ask the parent company of Ann Taylor, Loft, Lane Bryant and other apparel nameplates.
Ascena Retail Group reported a wider-than-expected loss and less-than-expected sales for its second quarter amid slumping sales at several of its banners. In a statement, company CEO David Jaffe cited a “challenging selling environment” which he said is the result of “macro headwinds impacting our sector.”. . . more