Are Dress Barn Stores Going Out Of Business

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

Are dress barn stores going out of business. The women s retailer announced monday plans to commence a wind down of its retail operations including the eventual closure of its approximately 650. All dressbarn stores will close by the end of the year and 53 locations will close in august the struggling retailer announced thursday. Dressbarn is closing all of its stores.

Ascena retail group said monday it s winding down its dressbarn business and plans to shut all 650 or so of the women s clothing stores in order to focus on its more profitable brands. Earlier this week announced that it has sold the intellectual property assets of dressbarn and will transition its e commerce business to a subsidiary of retail ecommerce ventures. The dressbarn clothing chain will wind down operations as part of a larger plan to close all of its stores the company has announced.

The company released a list of the stores closing in august. Ascena retail group announced in may it was going to wind down its dressbarn business. After the stores have been picked over by shoppers over a few weeks or even months of liquidation sales the discounting ramp up.

All 650 stores will ultimately close. The latest to fall women s clothing chain dressbarn which announced this week that it s closing all 650 of its stores. The money losing business launched in stamford connecticut in 1962 had.