Dressbarn Gets a Dressing Down: Brick-and-Mortar Stores to Shutter
'We will work to assist our associates through the transition,' said the company's CFO about 6,800 employees
Another brick-and-mortar retailer is closing its stores: Dressbarn, the women’s clothing store, is going out of business.
“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,” the retailer’s chief financial officer, Steven Taylor, said 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.”
Dressbarn has about 6,800 employees, according to the company.
While a precise closing date for the stores was not yet announced, the company said stores would remain open for now and that customers could continue to shop online at Dressbarn.com.
“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,” Taylor said in the company’s statement.
RIP Dressbarn. Any store that sounds like a place where livestock might shop could be a turn off for women. A restaurant called Food Trough or Slops Bin could expect a similar fate. https://t.co/PF3MnCjfQ7
— Raymond Arroyo (@RaymondArroyo) May 21, 2019
— WLUK-TV FOX 11 (@fox11news) May 21, 2019
BUSINESS NEWS: Ladies' clothing retailer Dress Barn is going the way of Payless Shoe Source and Charlotte Russe. The company announced that it is closing all of its locations across the country. That is a total of 650 stores.https://t.co/il8FcRGQWJ
— Rick Dayton (@rickdayton) May 21, 2019
— NBC10 Philadelphia (@NBCPhiladelphia) May 21, 2019
Dressbarn is owned by Ascena Retail Group, based in Mahwah, New Jersey, which is the parent of such brands as Ann Taylor, Loft and Lane Bryant, as NJ.com reported.
Ascena said back in 2017 that it planned to close hundreds of stores as it contended with a struggling in-store retail market.