Published: Tue, May 21, 2019
Markets | By Otis Pena

Dressbarn to close all of its 650 stores

Dressbarn to close all of its 650 stores

The retail industry suffered another blow Monday after Dressbarn's parent company announced it was shutting down the clothing chain's operations.

The reason for closing the stores: Dressbarn has not been operating at an "acceptable level of profitability in today's retail environment", according to the company's chief financial officer, Steven Taylor.

We're in peak retail apocalypse.

The closures could be a blow for some malls across the country where vacancy rates have shot up in recent years, following the shuttering of anchor stores, including Sears, Kmart, and J.C. Penney.

Currently, all Dressbarn stores are open and doing business as usual, as its e-commerce site, with no changes to the chain's return, refund, or gift card policies.

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Dressbarn, which has been around for almost 60 years, offers a collection of clothing for women from petites to plus sizes. No timeline was given, and stores will remain open until the wind-down commences.

Ascena Retail Group also owns Ann Taylor, LOFT, Lane Bryant, Catherines and Justice.

No closing dates or liquidation sales for any of the New Jersey-based retailer's stores were announced. Dressbarn has 660 locations across the United States, and 26 specifically in MI. We are still offering the same great customer experience, with even better deals and value.

The company did not give a time table for the closures but said that customers will still be able to shop both in stores and online.

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