The women’s retailer Ascena Retail Group announced its plans to close its retail operations, including the eventual closure of its approximately 650 stores.
The company said in a statement that stores will remain open along with the Dressbarn website.
Steven Taylor, Dressbarn Chief Financial Officer, 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.” He added, “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.”
2019 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 have been announced so far in 2019.
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The company said the decision to close all Dressbarn stores was “difficult, but necessary.”
According to Coresight Research, there were 5,864 closings in 2018, which included all Toys R Us stores and hundreds of Kmart and Sears locations. With 8,139 shuttered stores, the record year for closings was 2017.
All Dressbarn stores are open along with the website, the statement said. Presently, there are no changes to Dressbarn’s return, refund, or gift card policies.
Taylor said, “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.” Further, he added, “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.”