A brand that has been around for nearly sixty years reached its end. Over 650 stores are closing, including twenty-seven in Illinois. Look for more information right here!
Illinois Women Are Left Without Dressbarn
As a brand that’s been on the market for sixty years, employing about 6,800 workers in 650 stores, them closing down came as a shock to their loyal customers. However, Dressbarn did not state the exact date of this closing process.
But, Ascena Retail Group—Dressbarn’s parent company—announced that their closure would be finalized on Monday. We can only conclude that it won’t be too long after this that Dressbarn also closes their doors as well.
According to the press release on Monday, all Dressbarn stores are still open and doing business as usual; this goes for their commercial website too. Dressbarn will continue to provide service both online and in-store. If you happen to be a customer who still has to use a gift card or get a refund, you should know that this retail chain claims that all your issues will be resolved without any problems.
Steven Taylor, CFO stated the decision to shut down was extremely difficult, but also necessary. This is all due to the brand not being on an acceptable level of profitability, considering the competitive market of the U.S. nowadays. He added that Dressbarn was the one to serve women’s fashion needs for sixty years, and the company couldn’t be more grateful to their loyal customers.
The Wind Down Process
Taylor also claims that during the process of shutting down, the service in stores will remain the same. Dressbarn will continue to provide an exceptional shopping experience; what’s more — there will be some good deals and values for final offers.
Tyler added that Dressbarn would continue to maintain existing relationships with their suppliers, key stakeholders, and vendors all the way through the wind-down process.
This retail chain disclaimed that all of the company’s employees will be notified about every significant decision right on time. They will have all the transition support they could ever wish for. Suppliers and vendors should be aware that Dressbarn will continue to pay their obligations, as they always have, Taylor concluded.