Ascena Retail Group Inc. plans to wind down Dressbarn, and will close around 650 of the women’s budget clothing stores in the United States as it looks to focus on more profitable brands, it announced on May 20.
The company, which houses other women’s apparel brands including Lou & Grey, Ann Taylor, and Loft, said it will eventually shut down all of its almost 650 Dressbarn stores across the United States, but added that they remain open for the time being.
