Ann Taylor, Dress Barn owner closing 25 percent of its stores

Ascena Retail Group, the owner of Ann Taylor, Dress Barn and Lane Bryant clothing retailers, i🎉s closing up to 657 stores, or 25 percent of its total number, the company said on Thursday.

A🎶scena reported a loss of $1.03 billion in the most recent quarter as same-store sales sank 8 percent.