Women's Clothing Retailer Ashley Stewart Seeks Bankruptcy

Law360, New York (March 10, 2014, 5:12 PM EDT) -- Plus-sized women’s retailer Ashley Stewart Holdings Inc. sought Chapter 11 protection Monday — four years after the former owner of the brand sought bankruptcy — with the hope of selling all of its assets to keep the company’s operations afloat.

Blaming its liquidity shortage on the overall decline of brick-and-mortar retail stores, damage from Superstorm Sandy, this year’s brutal winter and missteps taken by former management, the Secaucus, N.J.-based company said it closed 12 stores during December 2013 and this past January and eliminated positions in...
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