After more than half a century in business, national retailer Dressbarn has just announced that it will be going out of business.
The chain, which started as a single store in Connecticut, currently operates about 650 locations nationwide. For the time being all locations will remain open for business and will be honoring returns as well as accepting Dressbarn-branded credit cards and gift cards. The company promises to share more information about sales and closing dates as the winding down of business continues over the coming weeks.
“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,” said Steven Taylor, Chief Financial Officer of Dressbarn in a statement.
He continued, “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.”
Featured photo: Dressbarn via Facebook