Dressbarn is the latest retailer closing all of its stores.<\/p>\n
From Money<\/span><\/span><\/a>:<\/p>\n 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. \u201cThis decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today\u2019s retail environment,\u201d Steven Taylor, CFO of Dressbarn said in a statement this week.<\/p>\n All Dressbarn stores \u2014 a total of approximately 650 nationwide \u2014 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.<\/p>\n For the time being, \u201call Dressbarn stores are open and conducting business as usual, as is Dressbarn\u2019s ecommerce site,\u201d the company said in its statement. \u201cCustomers 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\u2019s return, refund, or gift card policies.\u201d<\/p><\/blockquote>\n You can read Dress Barn’s official statement here<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"