Dressbarn is closing all of its stores.
The women’s retailer announced Monday “plans to commence a wind-down of its retail operations, including the eventual closure of its approximately 650 stores.”
Stores remain open along with the Dressbarn website, the company said in a statement.
“For more than 50 years, Dressbarn has served women’s fashion needs, and we thank all of our dedicated associates for their commitment to Dressbarn and our valued customers,” said Steven Taylor, Dressbarn chief financial officer, in a statement. “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.”
This year has been a tough year for retailers with more store closings announced than in all of 2018. With Dressbarn closures, there are more than 7,000 closings announced for 2019.
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Coresight Research tracked the 5,864 closings in 2018, which included all Toys R Us stores and hundreds of Kmart and Sears locations. The record year for closings was 2017 with 8,139 shuttered stores.
All Dressbarn stores are open along with the website, the statement said. There are no current changes to Dressbarn’s return, refund, or gift card policies.
“During the wind-down process, we will continue to provide our customers with the same great experience both in-store and online, offering them even better deals and value,” Taylor said. “We will work to assist our associates through the transition and maintain existing relationships with our vendors, suppliers, and other key stakeholders through this process.”
According to the statement, plans for closing individual stores and information about store closing sales “will be shared during the wind-down process.”
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Dressbarn is part of New Jersey-based Ascena Retail Group, whose other brands include Ann Taylor, Lane Bryant, Catherines, Cacique and Justice. The company recently sold its Maurices brand.
In a separate statement from Ascena, the company said the decision has no impact on the operations of the other brands.
“Dressbarn’s wind down is another significant step taken to advance ascena’s ongoing transformation,” the statement said. “This move is in line with the Company’s commitment to comprehensively assess and optimize its portfolio by focusing resources on its most profitable brands to position the business for long-term growth and enhance shareholder value.”
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