Dressbarn Closing All 650 Stores [The New York Times]
ASCENA RETAIL GROUP (ASNA)
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Source: The New York Times
Dressbarn Closing All 650 Stores - The New York Times It’s time to close the barn doors. The parent company for the fashion retailer Dressbarn said this week that it would close all of its approximately 650 stores. Gary Muto, the chief executive of Ascena Retail Group Inc., which also owns Lane Bryant, Ann Taylor and Loft, wrote a letter to customers “It has been our pleasure to serve you, making it all the more difficult to let you know that the decision has been made to begin winding down the Dressbarn ,” Mr. Muto said. “This means that we will eventually be closing all of our stores.” Although Mr. Muto did not share a specific timeline for the closings, he said there would be no changes to the current return, refund, or gift card policies or loyalty reward programs. He did invite customers to stock up before doors close, though. Mr. Muto did not immediately respond to a request for comment on Tuesday. In a statement Monday “This decision was difficult, but necessary, as the Dressba
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