Photo: Dave Kotinsky/Getty Images

Ascena Retail Group, the parent company of Ann Taylor and Lane Bryant, is considering a sale of women's clothing chain Dressbarn, per Bloomberg.

Why it matters: When I was a kid, my mom and everyone else's mom shopped at Dressbarn. Apparently that's no longer true.

  • Context: Ascena said earlier this month that its value unit, which includes both Dressbarn and Maurices, was operating at an "unacceptable level of profitability." Last week it agreed to sell Maurices to a private equity firm for $300 million.

The bottom line: "Any potential move comes as retailers face challenges that include a costly battle to ward off Amazon as it pushes deeper into apparel. Value retailers like Dressbarn are also up against fast-fashion rivals like H&M and Zara, which have won over a growing portion of younger shoppers," according to Bloomberg.

Go deeper: Retail's risky obsession with wealthy millennials

Go deeper

Liberty University's Jerry Falwell Jr. agrees to “indefinite leave of absence”

Liberty University President Jerry Falwell Jr. in 2019. Photo: Ethan Miller/Getty Images

Jerry Falwell Jr. will take an “indefinite leave of absence” from his roles as president and chancellor of Liberty University after posting a photo of himself with unzipped pants and an arm around a woman on social media, according to the school.

The state of play: The picture, which has since been deleted, drew backlash and charges of hypocrisy from conservative political figures because the university's honor code strictly prohibits students from having "sexual relations outside of a biblically-ordained marriage," and recommends they dress with“appropriateness” and “modesty."

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 19,189,737 — Total deaths: 716,669 — Total recoveries — 11,610,192Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 4,917,050 — Total deaths: 160,702 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: White House recommends Trump issue executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

White House recommends Trump issue executive orders on coronavirus aid

Treasury Secretary Steve Mnuchin (L) and White House Chief of Staff Mark Meadows speak to the media on Capitol Hill. Photo: Mandel Ngan/AFP via Getty Images.

White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin said President Trump should sign executive orders unilaterally addressing coronavirus stimulus spending after negotiations with congressional Democrats stalled again on Friday.

Why it matters: Friday was viewed as a self-imposed deadline to negotiate a new relief bill. But after an intense week of negotiations on Capitol Hill, White House and Democratic leadership failed to reach a deal on delivering much needed aid to Americans and businesses.