Things Remembered
After filing for Chapter 11 bankruptcy in February 2019, Things Remembered found a buyer who helped save numerous businesses. Enesco LLC acquired 176 stores from a retailer specializing in personalized and engraved merchandise. Nonetheless, it was only able to save a small portion. The company had 450 stores at the time of the bankruptcy filing. Unfortunately, this meant that 250 stores would be forced to close.
Things Remembered
Ascena Retail
What are Ann Taylor, Dress Barn, Lane Bryant, and Loft all about? They are all subsidiaries of the same parent firm, Ascena Retail! Over the last five years, the company’s sales have been declining. To compensate, the business intends to close hundreds of locations across all brands. Around 667 locations are scheduled to close, with the first 400 scheduled to close in July 2019.
Ascena Retail
