Dressbarn going out of business

Andrew Cummings
May 21, 2019

Dressbarn joins the ever-growing list of retailers to either close or announce intentions to do so as the brand will "wind down operations" and eventually close all of its store locations.

All Dressbarn stores are open for business, as is the chain's online site.

After trying to find a new owner, Ascena said Monday that it's preparing to close the approximately 650-store chain.

Dressbarn's announcement pushes that total beyond 7,000 stores shuttering, with USA Today reporting the record is 8,139 store closures in 2017.

"It has been our pleasure to serve you, making it all the more hard to let you know that the decision has been made to begin winding down the Dressbarn business", Gary Muto, CEO ofDressbarn's parent company Ascena Retail Group, said in a statement. "Over the past few years, Dressbarn has lost customers, sales and share; it has also been unprofitable".

For now, all stores and the retailer's website will operate as usual.

There are no changes to the company's return, refund, or gift-card policies or loyalty-rewards programs, the company said in a note to customers.

Its owner, Ascena Retail Group Inc., says it wants to focus on its more profitable brands.

Plans for the closing of individual stores are expected to be shared with affected employees as the wind down process begins.

The paper reports that there have already been more closings announced for 2019 than all of previous year.

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