Post any information about potential or actual Chico's Fas layoffs? Any chatter, news or rumors?
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There's a reddit page for r/anntaylot and someone recently complained how there order was canceled. One person replied that they tried returning items online from Loft but received no calls, emails, or replies, and they said that it smells like bankruptcy since they had to go through their bank. Hard to say. One replied agreeing with them, but knitwell group is private. Too bad it's not public because then we'd know the financial situation of the company as well as the business credit rating. Anyone hear anything?
It seems like Knitwell Group is doing closures of certain stores across all brands but not massive store closures (like 100+), which is according to this article. https://www.thestreet.com/retail/72-year-old-mall-retailer-closing-more-stores-2026-ann-taylor-loft
Here's another link with some analysis: https://www.schuckmanrealty.com/knitwell-is-closing-stores-smart-landlords-should-be-smiling/
@53b Anything happening with Ann Taylor, Loft, and/or Talbots.
WHBM alone has closed 32% of it's stores since 2024, WHBM went from 440 stores to 296 (296 was number mentioned on conference call for the district). A location that was number 1 for black friday sales is being closed down. Managers are being told upon layoff it's not store performance. This sounds like mass store closures to me. Chicosfas has also listed a 50% sale leaseback for their corporate offices in FL. It was listed shortly after the merger happened.