NBC: Dressbarn to close all 650 stores, shutter entire business
Dressbarn, a household name for over 50 years, has struggled to grow sales in a competitive market where it battles with online retailers like Amazon and off-price retailers like T.J. Maxx.
“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,” declared Steven Taylor, Dressbarn’s CFO.
