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Ascena Retail Group announces closure of all children's dresses: NPR



The Dressbarn in Nanuet, N.Y., is one of nearly 650 stores expected to close. A final closing date is not announced.

Dave Kotinsky / Getty Images


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Dave Kotinsky / Getty Images

The Dressbarn in Nanuet, N.Y., is one of nearly 650 stores expected to close. A final closing date has not been announced.

Dave Kotinsky / Getty Images

Dressbarn, the women's clothing chain was founded in the 1960s as a place where women who needed career wear "could find fashion at a value", closing all their stores.

Ascena Retail Group announced the closure of approx. 650 stores late on Monday say "wind-down" will help the company focus on its more profitable brands.

"This decision was difficult, but necessary, since the chain of chains has not operated at an acceptable level of profitability in today's end-user environment," said Steven Taylor, the company's finance director in a statement.

In a separate statement called the company plane "a Another important step taken to promote Ascena's ongoing transformation. "

The New Jersey based dealer also owns Ann Taylor, LOFT, Lane Bryant, Lou & Gray, Catherine, Cacique and Justice.

The closures can be a blow to some malls across the country where vacancies have shot up in recent years, after the anchoring of anchor shops, including Sears, Kmart and JC Penney, in 2018 about 9% of stores in regional malls were empty, according to the latest figures from Reis, et endomsforskningsfirma.

Westmoreland Mall in Hempfield, Pa., Where a baby girl will close, has seen five key stores disappear since the beginning of 2019, including Sears, Charlotte Russe, Gymboree, Payless ShoeSource and Helzberg Diamonds. The space previously occupied by the Bon Ton department store is undergoing renovation to become a casino.

A last relaxation date for dear children has not been announced. Stores will remain open without changes for return, refund or gift card. About 6,800 people are employed in the chain.


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