Lane Bryant, Justice Reorganize and Lay Off 60
Lane Bryant and Justice are laying off employees as part of a restructuring by the retailers’ parent company, Ascena Retail Group. About 30 employees will be laid off at each retailer, according to a statement that Ascena sent to employees. “While we’ve had to make some very difficult decisions that impact the people we care about, and that’s never easy to do, we have to create a sustainable business model for the future," said David Jaffe, CEO and chairman of Ascena Retail Group, in the press release. "Ascena is a profitable company today, and we have to ensure that we're investing in and preparing for the future to remain relevant to our customer.”
Total Retail's Take: News of layoffs and restructuring at retail companies is unfortunately becoming more and more common, and Ascena Retail isn't immune. The parent company of Ann Taylor, LOFT, Lou & Grey, maurices, Dressbarn, Lane Bryant and Justice is reassigning or relocating about 180 employees and eliminating about 165 jobs across the country.