Dressbarn to Close 650 Stores Nationwide

On May 21, 2019

Ascena Retail Group, Inc.’s Dressbarn brand has announced plans to commence a wind down of Dressbarn’s operations. This includes the closure of 650 Dressbarn stores nationwide, including 29 in New Jersey. This decision has no impact on the operations of any of Ascena’s other brands and will aim to strengthen the company’s overall financial performance.

Dressbarn’s wind down is another significant step taken to advance Ascena’s ongoing transformation. This move is in line with the company’s commitment to comprehensively assess and optimize its portfolio by focusing resources on its most profitable brands to position the business for long-term growth and enhance shareholder value. The announcement follows Ascena’s recently completed sale of its maurices brand.

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