Dressbarn planning to close 650 stores nationwide

What to buy (and skip) in July
Posted at 10:06 PM, May 20, 2019
and last updated 2019-05-21 08:54:21-04

(WMAR) — Dressbarn announced on Monday that the clothing company is making plans to eventually shutdown about 650 of their stores nationwide.

According to Dressbarn's Chief Financial Officer, the closing of their stores is because the company hasn't profited much in today’s retail environment.

“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. 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. 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. 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.”

The company is planning a wind down of its retail store operations. During the process, they will continue to operate in-store and online until plans for closing individual locations have been shared. They also plan to provide transition support to Dressbarn associates.

Dressbarn was founded in 1962 and offers an assortment of women’s clothing for every day and occasion, operating approximately 650 stores across the United States and employing approximately 6,800 associates.