Women’s Clothing Chain Dressbarn to Close All its 650 Stores

The Miller Hill Mall in Duluth does have a Roz & Ali store, which is owned by the Dressbarn group. That store would be part of the closure process.

DULUTH, Minn.-Dressbarn, the women’s clothing chain that’s been around for nearly 60 years, is closing all 650 of its stores.

The company’s chief financial officer, Steven Taylor, said Dressbarn has not been operating at an “acceptable level of profitability in today’s retail environment.”

Its owner, Ascena Retail Group Inc., says it wants to focus on its more profitable brands. Ascena also has a minority stake in Duluth-based Maurices, which was sold to European investment firm OpCapita in May.

The Miller Hill Mall in Duluth does have a Roz & Ali store, which is owned by the Dressbarn group. That store would be part of the closure process.

The company did not say when Dressbarn will shut all its stores. Dressbarn employs about 6,800 people.

After the news was announced Monday, shares of Ascena Retail Group Inc. rose 2.6% to $1.17 in extended trading. Shares of the Mahwah, New Jersey-based company are down more than 50% so far this year.

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