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Plus size retailer Ashley Stewart files for bankruptcy

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Plus size retailer Ashley Stewart filed for Bankruptcy yesterday and the company is planning to close 27 of their 168 stores as early as the end of March.

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.

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