Things Remembered
Things Remembered filed for bankruptcy in February but, fortunate, they got a buyer who managed to save a lot of their stores throughout the country. Enesco LLC purchased one hundred seventy-six of their locations as they saw the potential in a company that specialized in engraved and personalized items and products. The Company, however, still lost over 50 percent of the stores as there were a total of 450 nationwide. Are diamonds really forever for Things Remembered?
Ascena Retail
Women’s clothing brands such as Dress Barn, Ann Tylor, and Lane Bryant run under the parent company Ascena Retail. However, the Company that had over 667 stores have announced they will be most of them as they have been experiencing a huge drop in sales and profits for the last few years. Ascena Retail has noted that over 400 will be closed by July. David Jaffe, the former CEO of Ascena, relinquished his position in 2019 on May 1.