Wednesday, January 25, 2017

CEO of women’s apparel chain out in abrupt departure

Linda Heasley has resigned as chief executive of plus-sized apparel retailers Lane Bryant and Catherines, which are owned by Ascena Retail, The New York Post reported. Heasley was appointed CEO of Lane Bryant in 2013, after a successful six year stint as chief executive of The Limited. She was given the additional title of CEO of Catherines this past October as part of a company reorganization.
Ascena, which also operates Ann Taylor, Ann Taylor Loft, Dressbarn, Justice and Maurices, is coming off a disappointing holiday season, with total same-store sales down 3.1% over the period. Lane Bryant’s holiday sales were down 5.1%.. . . more

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