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Wall Street Loft Store, First to Open Post-9/11, Shut by Covid

  • Closure is a sign of how pandemic has hobbled city businesses
  • Parent company Ascena filed for bankruptcy protection in July
The Financial District Ann Taylor Loft store in 2002.
The Financial District Ann Taylor Loft store in 2002.Photographer: Mario Tama/Getty Images

The Loft store in New York’s Financial District, which in 2002 was the first major brand-name store to open in downtown Manhattan after the Sept. 11 attacks, will close after the Covid-19 pandemic bankrupted its parent company, according to a new court filing.

The Financial District store is just one of seven Ann Taylor, Loft and Lane Bryant locations Ascena Retail Group Inc. is closing in New York City. It’s the latest sign of how the pandemic and related decline in office workers and tourists has hobbled city businesses.