The United States Women'S Clothing Chain Brand Dressbarn Will Close All 650 Stores.
Beijing time 21 News, North America's largest women's clothing retailer Ascena Retail Group announced on Monday, will gradually close its parity women's clothing brand Dressbarn, close the United States about 650 stores, in order to focus on Ann Taylor and Loft and other profitable business.
Ascena said the move would strengthen its overall financial performance.
Steven Taylor, chief financial officer of the company, said: "this decision is possible but necessary. In today's retail environment, the Dressbarn chain brand has not reached an acceptable level of profitability." Steven Taylor
Dressbarn has a history of more than 50 years and is a household name in the United States.
But in recent years, it has been difficult to achieve growth in the face of fierce competition from Amazon and other discount providers such as TJX.
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