Dressbarn latest in nationwide retail store closure wave [CBS News]
ASCENA RETAIL GROUP (ASNA)
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Source: CBS News
Dressbarn has announced that it will close all of its about 650 store nationwide, meaning thousands could be out of a job. More and more retailers are closing brick and mortar stores. So far this year, more than 7,000 locations are set to shutter, which has already exceeded 2018. However, unemployment in the country continues to fall, and hit a 50-year low in April. Mark Muro, Senior fellow and policy director, Metropolitan Policy Program at Brookings Institute, joined CBSN to discuss.
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