A bankruptcy would add to a list of high profile collapses of retailers who struggled, especially during the pandemic, to compete with big-box retailers and online buying.
The owner of Ann Taylor, Lane Bryant and Loft filed for Chapter 11 bankruptcy protection in July 2020, then sold off its Justice children’s apparel unit and closed all Catherines stores. The company is now a part of Premium Apparel LLC, a unit of private equity firm Sycamore Partners, after being acquired for $540 million in November 2020.
