Dress Barn Archives - Multichannel Merchant

Ascena Paying Millions in Executive Bonuses While Weighing Bankruptcy

June 23, 2020 | Mike O'Brien

Following in the footsteps of JC Penney and others, struggling rollup Ascena Retail Group said it plans to pay up to $5.5 million in retention awards and performance bonuses and undo pay cuts to top executives, as it reportedly weighs a bankruptcy filing in the face of its debt and declining sales.

Dress Barn Parent Company to Close Up to 650 Stores

June 12, 2017 | Daniela Forte

Ascena Retail Group, the parent company for both Dress Barn and Ann Taylor, plans to close up to 650 stores in the next two years as a result of consumer’s shift to online shopping. See what the company’s next move is in light of these closures.