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Dressbarn, the women’s clothing chain that’s been around for nearly 60 years, is closing all 650 of its stores, including the one that opened in 2013 in Valley View Mall in La Crosse.

The company’s chief financial officer, Steven Taylor, said Monday that Dressbarn has not been operating at an “acceptable level of profitability in today’s retail environment.”

Its owner, Ascena Retail Group Inc., says it wants to focus on its more profitable brands. Ascena also owns Ann Taylor, Lane Bryant and other clothing stores.

The company did not say when Dressbarn will shut all its stores. Dressbarn employs about 6,800 people.

The 8,000-square-foot Dressbarn in Valley View Mall opened in August 2013, next to J.C. Penney Co.

After the news was announced Monday, shares of Ascena Retail Group Inc. rose 2.6% to $1.17 in extended trading. Shares of the Mahwah, New Jersey-based company are down more than 50% so far this year.


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(3) comments

Rick Czeczok

Is there anything you don't blame Trump for? You lost the 2016 election and will likely loose the next one too. Get over it, put your big boy pants on, and start to live again. Good grief.

Cassandra2

What, Comrade, no defense of how "great" the economy is doing under Trump? Even Fox "news" is reporting on the retail apocalypse. https://www.foxbusiness.com/retail/features-retail-apocalypse-bankruptcy-stores-closing

capedcrusader

Don't worry people, Trumps tariffs will make everything better again!

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