You may not be familiar with the name 'Ascena Retail', but you will know the brands they represent. They're the umbrella company who are ultimately responsible for Ann Taylor, LOFT, Dress Barn and Lou & Grey, among others. When things are going well, owning several major firms is an excellent position to be in. When one of those brands starts to struggle it can drag on the finances of the others, and before you know it there's a major issue. In this case, Dress Barn is the bad apple, with 25% of all its stores due to close during 2019.
Ascena received $1.7bn in sales revenue during 2017 which sounds like a lot but actually represents a drop compared to the previous year, which was a drop from the year before that. The trend is downward, and action obviously has to be taken. It's expected that closing down the ineffective Dress Barn stores will steady the ship, so here's hoping.
Whether celebrities are looking to be in the spotlight or escape the paparazzi, there are some popular vacation destinations that always seem to be frequented by the stars. Celeb spotting is a favorite pastime of many travelers, and you might be able to snag a photo or even an autograph when you visit these top celebrity vacation spots around the world. Although the price tags may be a bit higher in these destinations than your average budget getaway, these are some of the best celebrity vacation spots that you can start saving up to visit and enjoy the trip of a lifetime.
One of the classiest celebrity vacation spots in Europe is Mallorca, Spain. It’s known as a spot to be posh more than a spot to party. Michael Douglas and Catherine Zeta Jones have a house here, and it’s been a favorite getaway for Gwenyth Paltrow. Some of the local favorites that boast the most celebrity sightings include the Wellies Restaurant and Bar, Puerto Portals, and Es Trenc Beach.
Saint Tropez is known for its amazing beaches and blissful landscapes. Celebrity couples like Beyoncé and Jay Z and David and Victoria Beckham have been spotted vacationing along these famous beaches. The Cote d’Azur seaport is a big draw for celebs here, as well as top beach clubs like Club 55.
Perhaps the most well-known celebrity that loves Lake Como is George Clooney. He has a villa with over a dozen rooms here so he can bring all his friends along to relax, get away, and party. Villa d’Este is another popular place celebrities choose to stay because of its attention to privacy. Just ask Arnold Schwarzenegger, Bette Midler, or Sylvester Stallone!
Sure, there are plenty of celebrities that call Sydney home year-around, but there are lots of others who like to visit for a surfing and sailing getaway. Sydney’s Bondi Beach has been a top vacation pick for Leonardo DiCaprio and Hugh Jackman, and some A-list accommodations are the InterContinental Hotel and the Park Hyatt in the Rocks.