All Dressbarn stores will go dark by yearend
Dressbarn is gradually exiting from the U.S. retail marketplace.
Parent company Ascena Retail Group said the winding down of its Dressbarn business is on target as it released the locations of 53 stores that will shutter by the end of August. All Dressbarn stores expected to close their doors by the end of 2019. (A list of the planned store closures, including those previously announced, can be found on the company’s website. All other Dressbarn stores and its e-commerce site are open and conducting business as usual.)
Ascena, whose other banners include Ann Taylor, Loft, Lane Bryant Company and Justice, announced in May that it planned to wind down Dressbarn and close its approximately 650 stores.
“We have received overwhelming landlord support for our plan, which will allow us to implement our wind down in a manner that provides the best recovery for our landlords, said Steven Taylor, CFO, Dressbarn. “Further, we are current, and expect to remain so, with our vendors and suppliers.”
Dressbarn said that it is working with Gordon Brothers Retail Partners to assist with the eventual closure of all stores. Hilco Streambank has been retained to solicit interest in the intellectual property assets of Dressbarn, which include U.S. and international trademarks, domain names, and other assets.
“A buyer of the Dressbarn brand has the unique opportunity to connect with a devoted customer base and build upon a brand heritage with a well-established presence throughout the U.S.,” said David Peress, executive VP of Hilco Streambank.
Parent company Ascena Retail Group said the winding down of its Dressbarn business is on target as it released the locations of 53 stores that will shutter by the end of August. All Dressbarn stores expected to close their doors by the end of 2019. (A list of the planned store closures, including those previously announced, can be found on the company’s website. All other Dressbarn stores and its e-commerce site are open and conducting business as usual.)
Ascena, whose other banners include Ann Taylor, Loft, Lane Bryant Company and Justice, announced in May that it planned to wind down Dressbarn and close its approximately 650 stores.
“We have received overwhelming landlord support for our plan, which will allow us to implement our wind down in a manner that provides the best recovery for our landlords, said Steven Taylor, CFO, Dressbarn. “Further, we are current, and expect to remain so, with our vendors and suppliers.”
Dressbarn said that it is working with Gordon Brothers Retail Partners to assist with the eventual closure of all stores. Hilco Streambank has been retained to solicit interest in the intellectual property assets of Dressbarn, which include U.S. and international trademarks, domain names, and other assets.
“A buyer of the Dressbarn brand has the unique opportunity to connect with a devoted customer base and build upon a brand heritage with a well-established presence throughout the U.S.,” said David Peress, executive VP of Hilco Streambank.