Dressbarn Is the Latest Retailer to Go out of Business; Will Close All 650 Stores

Dressbarn is the latest retailer closing all of its stores.

From Money:

The Ascena Retail Group, which owns brands such as Ann Taylor, Lane Bryant, and Justice, is closing down Dressbarn, one of its line of stores that has been struggling for years. “This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today’s retail environment,” Steven Taylor, CFO of Dressbarn said in a statement this week.

All Dressbarn stores — a total of approximately 650 nationwide — will be closing. It is unclear when all the Dressbarn store closures will be complete. The company has also not specified when Dressbarn liquidation sales might start.

For the time being, “all Dressbarn stores are open and conducting business as usual, as is Dressbarn’s ecommerce site,” the company said in its statement. “Customers can continue to shop at Dressbarn in-store and online and use Dressbarn-branded credit cards for purchases. There are no current changes to Dressbarn’s return, refund, or gift card policies.”

You can read Dress Barn’s official statement here