Gary Muto News Today

The ‘retail apocalypse’ continues: 13 major chains that went out of business in 2020 Updated Jan 03, 2021; Posted Jan 03, 2021 Stein Mark on the Carlisle Pike is closing. The company had filed for bankruptcy earlier this month. (Megan Lavey-Heaton/PennLive.com) Facebook Share For brick-and-mortar retailers, 2020 has been more of the same “retail apocalypse,” just at a faster pace. Over the past decade we’ve seen stores were once mainstays in Pennsylvania -- Bon-Ton, HH Gregg and Toy...

December 28, 2020 MAHWAH, N.J. — December 23, 2020 — ascena retail group inc. and certain of its subsidiaries today announced that it has completed the sale of the Ann Taylor, LOFT, Lou & Grey, and Lane Bryant brands to Premium Apparel LLC, an affiliate of Sycamore Partners. Premium Apparel has committed to retaining a substantial portion of the retail stores, associates, and corporate operations affiliated with these brands. “We are pleased to have completed this transaction, which secur...