Dressbarn Will Shut Down All Stores
Ascena Retail Group has announced that they will be shutting down all 650 Dressbarn stores in America. Ascena Retail Group also owns Loft and Ann Taylor but claims that Dressbarn is not making enough in profits to remain open for much longer.
“Dressbarn chain has not been operating at an acceptable level of profitability in today’s retail environment,” – Steven Taylor Dressbarn CFO
The closure will take place over time so customers will still be able to go to dressbarn.com as well as visit the physical locations to buy Dressbarn products while supplies last.
Dressbarn may be suffering from more women choosing fast fashion stores like H&M over Dressbarn.