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SB360 Capital Partners to Conduct Store Closure Sales for Ascena Retail Group

July 24, 2020, 09:00 AM
Filed Under: Retail

Ascena Retail Group, Inc., a leading national specialty retailer for women’s and girls’ apparel, and SB360 Capital Partners, one of North America’s leading asset disposition specialists, today announced the commencement of store closing sales in all Catherines stores, a significant number of Justice stores, and a select number of Ann Taylor, LOFT, Lane Bryant and Lou & Grey stores. This includes all stores across brands in Canada and Puerto Rico.  The Company has engaged SB360 Capital Partners as its consultant to conduct the sales at most of the locations.

ascena is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Plus Fashion segment (Lane Bryant, Catherines, and Cacique), and for tween girls under the Kids Fashion segment (Justice). The Company will continue to provide customers with compelling fashion assortments and an exceptional shopping experience in all of its open stores and online platforms.

Throughout all closing stores, customers can take advantage of storewide discounts off the original price on a full selection of merchandise in a wide range of styles and sizes.

“Because of the compelling discounts and the highly desirable merchandise, we expect this will be a short sale across all stores,” said Aaron Miller, Executive Vice President of SB360. “Customers are encouraged to shop early while quantities last as many of their favorite styles may go quickly.”

Stephen Miller, Co-President of SB360, said, “The Company’s store associates at these Ann Taylor, LOFT, Lane Bryant, Justice, Lou & Grey, and Catherines stores are dedicated to providing customers with the best shopping experience possible while offering great value on a large selection of merchandise.”

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