Why Is Dress Barn Closing

As a result it is shuttering all 650 of its stores although.

Why is dress barn closing. As for why the company has decided to shutter dressbarn chief financial officer steven taylor shared some clarity in a press release. The latest to fall women s clothing chain dressbarn which announced this week that it s closing all 650 of its stores. Dressbarn s parent company ascena announced on monday that it would close all 650 dressbarn retail locations.

The historic retail apocalypse of 2019 has a new victim. The money losing business launched in stamford connecticut in 1962 had. The decision was difficult but necessary as the dressbarn chain has not been operating at an acceptable level of profitability in today s retail environment he said.

Ascena retail group said monday it s winding down its dressbarn business and plans to shut all 650 or so of the women s clothing stores in order to focus on its more profitable brands. The company released a list of the stores closing in. Store closing sales start today at more than 500 dressbarn locations nationwide as the company winds down its brick and mortar retail business but the brand will live on online.

Ascena the brand s holding company says it wants to focus on its more profitable brands which include ann taylor and loft. The ascena retail group which owns brands such as ann taylor lane bryant and justice is closing down dressbarn one. Parent company ascena retail group announced in may it planned to wind down dressbarn and ultimately shut all 650 or so of the women s clothing stores in order to focus on its more profitable.