Monday, November 1, 2010

Ashley Stewart Bought by Investment Firm

More Ashley Stewart news! I have a good friend that works as a store manager for Ashley Stewart. She told me Urban Brands, Ashley Stewart's parent company, has dissolved. Ashley Stewart has been sold to an investment company. According to my friend, this is the same investment company that owned Steve & Barry's and Goody's, both defunct brands and stores.

Store managers are told to work 50+ hours a week and can take no vacations or days off to increase sales. Meanwhile, many district managers have suddenly taken a leave of absence. It doesn't seem like very promising times for the plus size retail giant. More information as it comes.

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