Ascena Retail is the parent company of some different women’s clothing brand which includes Ann Taylor, Loft, Dress Barn, and Lane Bryant. Overall, the total sales of the company have been declining in recent years. To make up for the loses, the company plans to shutter hundreds of its stores in all of its brands. Approximately 667 locations are up for closure in total, the first 400 of which are expected to be closed by July of this year.
Even supermarkets are experiencing some challenges in sales. Southeastern Grocers, which operates markets such as Harveys, Bi-Lo, and Winn-Dixie, announced their plans of closing 22 stores by March 25 of this year. The decision to close some of its stores happened less than a year after Southeastern Grocers recovered from Chapter 11 bankruptcy. Initially, the bankruptcy caused the closure of 94 of its stores. Bi-Lo, out of the three brands, will suffer the most as 13 of its stores would be shuttered.