According to the New York Post the company filed for bankruptcy protection yesterday at the U.S. Bankruptcy Court for the District of New Jersey. In a statement the company said that Ashley Stewart suffered a decline in revenue and profitability in 2012 "due to a number of factors that have since been corrected." It also said that it has brought on new senior management during the past six months and refocused its merchandizing and e-commerce efforts.
Ashley Stewart sells women’s clothing sizes 12-26 and it was founded in 1991. The company has about 1,750 full-time and part-time employees.
For more infromation visit www.ashleystewart.com.