Ann Taylor And Her Sister Stores
There was news that Ascena regarding the problem that they were facing. Ann Taylor and other stores’ parent companies decided that they would file bankruptcy. The company might close 1/3 of its stores. The parent company had sold Maurice’s and closed down Dressbarn in 2019. We would not be shocked if some of their stores decided to close. However, it was not the only well-known brand in the past that closed down in 2020.
Ann Taylor And Her Sister Stores
Gap
The Gap chain is shrinking — in more ways than one. In early 2021, Gap decided to close half of its stores. They had decided that in 2018 since Gap had a 5% decline in sales. According to Robert Fisher, the interim CEO of Gap, their decision would be the best for Gap. However, one of the famous brands had closed 56 stores in the U.S. and 89 stores in a different location in January 2020. In February, they decided to close 230 stores.
Gap
