DressBarn Closing
Posted: Mon May 20, 2019 11:51 pm
This just in:
7:09 pm ET Women's clothing chain Dressbarn to close all its 650 stores
NEW YORK (AP) — Dressbarn, the women's clothing chain that's been around for nearly 60 years, is closing all 650 of its stores. The company's chief financial officer, Steven Taylor, said Dressbarn has not been operating at an "acceptable level of profitability in today's retail environment." Its owner, Ascena Retail Group Inc., says it wants to focus on its more profitable brands. Ascena also owns Ann Taylor, Lane Bryant and other clothing stores. The company did not say when Dressbarn will shut all its stores.
So wait awhile to get that bargain dress - but sadly another source of unbifurcated wear is passing.
7:09 pm ET Women's clothing chain Dressbarn to close all its 650 stores
NEW YORK (AP) — Dressbarn, the women's clothing chain that's been around for nearly 60 years, is closing all 650 of its stores. The company's chief financial officer, Steven Taylor, said Dressbarn has not been operating at an "acceptable level of profitability in today's retail environment." Its owner, Ascena Retail Group Inc., says it wants to focus on its more profitable brands. Ascena also owns Ann Taylor, Lane Bryant and other clothing stores. The company did not say when Dressbarn will shut all its stores.
So wait awhile to get that bargain dress - but sadly another source of unbifurcated wear is passing.