Lane Bryant news and archive

Ann Taylor owner Ascena files for bankruptcy protection

Ascena Retail Group, inc. has entered into a restructuring support agreement (RSA) with over 68 percent of its secured term lenders. The company said in a statement that the plan is expected to reduce Ascena’s debt by approximately 1 billion dollars and provide increased financial flexibility to enable the company to continue its focus on...

Business

Ascena seeks new loan

Ascena Retail Group Inc, the parent company of Ann Taylor, Loft, and Lane Bryant, is seeking a 150 million dollar loan from its creditors to keep the company functioning during their bankruptcy filing. Ascena is working on a restructuring plan that will also allow creditors to install new board members. The news was reported by Bloomberg. The...

Business

Ascena reports profit in Q1, comparables sales remain flat

Net sales for the first quarter at Ascena Retail Group were 1,297 million dollars compared to 1,339 million dollars in the year-ago period, which the company said reflect flat comparable sales for the quarter and a decrease in non-comparable sales which include the impact of the store closures. The company reported net income from continuing...

Fashion

Lane Bryant announces first influencer collaboration

US plus size retailer Lane Bryant has announced an exclusive collection with blogger Tanesha Awasthi from the Girl With Curves, to mark the brand’s first-ever collaboration with a top fashion influencer. Set to debut in Lane Bryant stores and on LaneBryant.com during New York Fashion Week on September 9, the Girl With Curves x Lane Bryant...