Another Round of Store Closings Could Be Bad for Lubbock
When it rains, it pours — especially in the realm of retail closings. And thanks to our BFFs over at The Consumerist, it looks like a number of Lubbock retailers could be calling it quits very soon.
Ascena Retail Group, the parent company of Ann Taylor, DressBarn, Lane Bryant, Maurices and others, has recently stated they could close up to 650 stores in the very near future.
From The Consumerist:
As part of the plan, Ascena has already identified more than 250 locations that will be permanently closed through July 2017. It is unclear what brands will be closing stores and where these stores are located. The remaining 400 stores will be closed if specific rent concessions are not obtained through landlord negations before July 2019.
As of now, it’s business as usual in all of the Lubbock locations that Ascena owns. When we find out more, we will update you on the situation.