Women’s Clothing Chain Dressbarn to Close All Its 650 Stores - NBC4 Washington

Women’s Clothing Chain Dressbarn to Close All Its 650 Stores

    processing...

    NEWSLETTERS

    Women’s Clothing Chain Dressbarn to Close All Its 650 Stores
    Dave Kotinsky/Getty Images for dressbarn
    FILE - Dressbarn in Nanuet, N.Y., May 6, 2017.

    Dressbarn, the women’s clothing chain that’s been around for nearly 60 years, is closing all 650 of its stores.

    The company’s chief financial officer, Steven Taylor, said 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.

    No Religious Exemptions for Measles Vaccines

    [NATL] No Religious Exemptions for Measles Vaccines

    A new law signed by New York Governor Andrew Cuomo Thursday ends religious exemptions for vaccinations for school children.

     
    The move comes as New York battles its worst measles outbreak in decades.
    (Published Friday, June 14, 2019)

    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.