Dressbarn is closing all stores by this Christmas.
The retailer said it will begin liquidating and closing its remaining 544 brick-and-mortar locations on Nov. 1. All stores will be closed by Dec. 26. Investment company Gordon Brothers will assist with the store closure process.
“We would like to thank our loyal customers for their commitment to our brand over the years and hope they take this opportunity to purchase their favorite styles at significant values,” Steven Taylor, chief financial officer of Dressbarn, said in a statement. “We are grateful to our store teams for their unwavering commitment to providing our customers with the same great shopping experience they’ve come to expect at our stores.”
Taylor added that the plan to shutter all of Dressbarn’s store has “received overwhelming support from our landlord and vendor community.”
The women’s specialty store first announced it was closing all stores in May. The company has been struggling to update its image for some time and had already begun closing stores.
Dressbarn, which is owned by parent company Ascena Retail Group Inc., also said it sold the intellectual property rights of Dressbarn to Retail Ecommerce Ventures LLC. Ascena has begun the process of transitioning Dressbarn’s e-commerce business to a subsidiary