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Ascena Retail Group, Inc. engages in the retail of apparel, shoes, and accessories for women. It operates through the following segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. Read More The Premium Fashion segment consists of products under Ann Taylor and LOFT brands. The Value Fashion segment includes specialty retail, outlet, and direct channel operations of Maurices and Dressbarn brands. The Plus Fashion segment covers the products under Lane Bryant and Catherines brands. The Kids Fashion segment comprises of products under Justice brand. The company was founded by Elliot S. Jaffe and Roslyn S. Jaffe in 1962 and is headquartered in Mahwah, NJ.
Mahwah, New Jersey
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Washington PostMay 23
Dressbarn expects to have all its stores shut by end of 2019
NEW YORK — Dressbarn says it expects to have all its 650 stores closed by the end of this year. The women’s clothing chain announced earlier this week that it was shutting all its stores but hadn’t given a timeline for the closures until Thursday. Dressbarn’s owner, Ascena Retail Group Inc., has said it wants to focus on its other brands, such as Ann Taylor and Lane Bryant. An executive said Dressbarn wasn’t profitable enough. Ascena said in a regulatory filing that that it couldn’t yet determine how muc...
Dressbarn put out to pasture as Ann Taylor parent Ascena tries to grow
Dressbarn Ascena tried to remake Dressbarn’s image with a high-fashion ad campaign in 2015 Ann Taylor parent Ascena Retail Group Inc. is deleting one brand from its portfolio, announcing its plan to shutter all 650 Dressbarn locations as part of an ongoing effort to grow the company. The 50-year-old brand said in its press release that business will continue as usual, with customers able to shop in stores and online and use their Dressbarn credit cards. Ascena ASNA, +1.98% whose other brands include Lane...
New York TimesMay 21
Dressbarn Closing All 650 Stores
It’s time to close the barn doors. The parent company for the fashion retailer Dressbarn said this week that it would close all of its approximately 650 stores. Gary Muto, the chief executive of Ascena Retail Group Inc., which also owns Lane Bryant, Ann Taylor and Loft, wrote a letter to customers about the news and thanked them for 57 years of loyalty. “It has been our pleasure to serve you, making it all the more difficult to let you know that the decision has been made to begin winding down the Dressb...
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