Retail Had an Uneven Week as Earnings and Announcements Rolled In

Party City and Ann Taylor parent Ascena provided concerning updates

Loft storefront
Ascena, the parent of retail chain Loft, said despite its efforts to preserve liquidity, it is weighing all options to preserve the business. Getty Images

Key insight:

Retail had a bit of a mixed week, with discounters Dollar General and Dollar Tree emerging as clear winners with comparable sales increases. However, concerning news from Ann Taylor and Loft parent Ascena and a proposed debt for equity swap from Party City both served as reminders that there are still several retailers figuring out how to survive the impact of store closures due to Covid-19.

@RichCollings richard.collings@adweek.com Richard Collings is a retail reporter at Adweek.
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