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Dressbarn, Women's Clothing Chain, To Close All Stores

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Dressbarn to close all stores

Dressbarn, the women's clothing chain founded in the 1960s as a place where women in need of career-wear "could find fashion at a value," is closing all its stores.

Ascena Retail Group announced the closure of about 650 stores late Monday, saying the "wind-down" would help the company focus on its more profitable brands.

"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," Steven Taylor, the company's chief financial officer, said in a statement.

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