Long-time traditional retailer Ascena Retail Group — parent company of Ann Taylor, Dress Barn, Lane Bryant and Maurices — has ranked third in the Hot 100 Retailers published by the National Retail Federation (NRF).
More dismal forecasts for US retail, this time from an RBC Capital Markets, which has released a shortlist of high-profile retailers likely to suffer large revenue deceleration and a declining sales growth rates in 2017.
The sportswear giant is gaming for a share of the athleisure plus size market with an online and in-store launch of a 43-piece collection of athletic apparel ranging in size from 1X to 3X and up to 38E for sports bras.
The Ohio-based retailer will likely declare bankruptcy and possibly a liquidation as early as this week or next. Analysts cite the chain's dependency on shopping mall traffic as the reason for its downfall.