363
Fashion Jobs
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
ADIDAS
Director, Performance Management/s&op
Permanent · SEOUL
LEVI'S
DTC Assistant Marketing Manager
Permanent ·
AMORE PACIFIC
[경력] '24년 Amorepacific_기술기획 직무 채용
Permanent ·
By
Reuters
Published
Jul 23, 2020
Download
Download the article
Print
Text size

Ascena Retail files for bankruptcy

By
Reuters
Published
Jul 23, 2020

Ascena Retail Group, owner of Ann Taylor and Lane Bryant, filed for Chapter 11 bankruptcy protection on Thursday, succumbing to the economic fallout of the Covid-19 pandemic.


Instagram: @anntaylor



Shares of Ascena plunged 20% in morning trading after the company also said it plans to close a number of stores and exit its plus-size apparel brand, Catherines.
The company, like many apparel retailers, has seen its business crumble due to the pandemic, as it was forced to close its stores and furlough employees during the lockdown period.

The company, which also owns apparel brands LOFT and Lou & Grey, has about 2,800 stores in the United States, Canada and Puerto Rico.
Even as lockdown restrictions have eased in many states, demand for apparel in the United States has remained weak.

This has added to the troubles at Ascena, which has been struggling for years with declining sales and a mounting debt pile, due to strong online competition.
Since the beginning of March, a number of iconic retailers, including Neiman Marcus, J. Crew and J.C. Penney have filed for bankruptcy.

Ascena said on Thursday its restructuring agreement was supported by more than 68% of its lenders and has received $150 million in funding from existing lenders.
The company, which filed for chapter 11 in the bankruptcy court for the Eastern District of Virginia, also said it expects to reduce its debt by about $1 billion.

© Thomson Reuters 2024 All rights reserved.