Things Remembered
Things Remembered found a buyer in February to help save some of its stores around the country after it filed for Chapter 11 bankruptcy. Enesco LLC purchased 176 locations that specialize in engraved goods and custom items. The company had 450 stores originally during the time that they filed for bankruptcy, however, the purchase merely saved a fraction of the company which caused 250 stores up for closure.
Things Remembered
Ascena Retail
Ascena Retail is the parent of a popular brand of women’s apparel that includes Ann Taylor, Loft, DressBarn and Lane Bryant. Overall, the company’s gross profits have fallen over the last few years. To compensate for the losses, the company expects to close down hundreds of its stores of all its brands. About 667 sites are up for closure in total, of which the first 400 are expected to be closed by July of this year.
Ascena Retail
