Ascena Retail
Ascena is the head company for shops such as Dress Barn, Ann Taylor, and LOFT. In 2019 Ascena made the bold move to close 25% of its stores. In an attempt to help the downward spiral, Ascena hired a new chief; however, that made no difference. Since 2017, Ascena has reported a drop in its sales with no signs of improving any time soon. Guess the next step for these failing shops is to liquidate.
Ascena Building
Office Depot
How can you tell that technology and computers are dominating? Simple – the once-popular back to school destination, Office Depot is struggling to the point of nearing bankruptcy. In 2017 the company reported a 7% loss, bringing it down to a slump of $10.2 billion. Company CEO Gerry Smith has said that to improve numbers, it would be moving from retail sales to a more service orientated store. The services include a print shop for businesses.
Office Depot Closing
