Dressbarn is out of service and plans to close all her around 650 stores, says the woman's retail chain Monday.
"For over 50 years, Dressbarn has served women's fashion needs, and we thank all our dedicated staff for their commitment to Dressbarn and our valued customers," said retailer finance director Steven Taylor in a statement. "This decision was difficult, but necessary, as the chain chain has not operated at an acceptable level of profitability in today's retail trade. "
Dressbarn has around 6,800 employees, according to the company. An exact end date for the stores was not immediately announced. For now, the stores will remain open and customers can continue to shop online at Dressbarn.com, according to the announcement.
"We will work to help our employees through the transition and maintain existing relationships with our suppliers, suppliers and other key stakeholders through this process, "said Taylor.  Dressbarn is owned by Mahwah-based Ascena Retail Group, which is the parent of brands such as Ann Taylor, Loft and Lane Bryant. Ascena said in 2017 that it was planned to close hundreds of stores as it claimed with a worn-out brick and mortar market.
Ascena Retail Group broke the ground on a 195,000-square-foot office on MacArthur Boulevard in Mahwah in 2013 after receiving $ 32.4 million Grow New Jersey tax credit to move from Suffern, New York.
A spokesman for the company did not immediately respond to an email on Monday night, seeking more information.
Noah Cohen can be reached on [ncohen@nyadvancemediamedia. Follow him on Twitter @noahyc . Find NJ.com on Facebook .
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