The online shopping era continues to take over as another popular retail chain just confirmed they are shutting down all of their stores. Dressbarn, a women’s clothing store well-known for their low prices on trendy fashions, is closing all 650 stores located across the United States.
Ascena Retail Group, the company who owns Dressbarn (as well as other popular brands like Ann Taylor), confirmed the unfortunate news on Monday, May 20th. In addition to the competition of e-commerce, Dressbarn also reportedly had a difficult time keeping up with other off-price retailers like Tj Maxx and Target, reported NBC News.
"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," a spokesperson for Dressbarn announced to the public.
Dressbarn has about 6,800 employees. According to CNBC, staff members will get paid as per usual, and be updated once official closure dates have been set.
The exact timing of the retail shutdowns is unclear, but the liquidation process is expected to begin soon — such as potential upcoming discounts for customers. Stay tuned for additional details as more information becomes available.
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