The Boston Globe

Business

Ascena Retail

Clothing chain Fashion Bug will soon join the retail graveyard. Ascena has completed its buyout of Charming Shoppes Inc., which owns the chain, and plans to close the remaining several hundred Fashion Bug stores by early next year. The company didn’t say how many employees will be affected or how. Ascena said it may also sell Figi’s because it is not a clear fit with its other brands.