Ascena Retail Group, Inc. reported this week that its Dressbarn brand has announced plans to commence a wind down of Dressbarn’s operations.
This decision has no impact on the operations of any of Ascena’s other brands and will 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.
Today’s announcement follows Ascena’s recently completed sale of its maurices brand.
All 650 of Dressbarn’s stores are expected to close. Delaware County locations include 1217 Polaris Parkway and in the Tanger Outlet Mall.
