Friday, June 9, 2017

maurices' Parent Company Announces Store Closures

The maurices headquarters in downtown Duluth opened spring 2016.Ascenia Group, which owns maurices, Dress Barn, Justice, Lane Bryant, Catherines, Ann Taylor, LOFT and Lou & Grey announced it would close hundreds of stores over the next two years.

CEO David Jaffe said 250 stores will be permanently closed by July 2019. Some will be maurices stores, others will come from the seven other brands ascena owns.

An additional 400 stores could close, Jaffe said, if the company can't negotiate reduced rent with landlords. . . . more

No comments: