Dress Barn Parent Company
Dressbarn has stores in portland gresham woodburn lincoln city corvallis and seaside.
Dress barn parent company. The closure of dressbarn caps a yearslong retreat for the brand which only a few years ago accounted for more than 1 billion in sales. Ascena the dressbarn parent company began store closings friday as part of its plan to shut down operations that are expected to continue through december. A recent credit analysis provided by moody s investors services a company that tracks both credit ratings and debt for companies said that dressbarn s parent company ascena earned 6 6.
The retail industry suffered another blow monday after dressbarn s parent company announced it was shutting down the clothing chain s operations. 31 or while merchandise supplies last. Dressbarn stores to close after parent company fails to find buyer.
Parent company ascena retail sold the dressbarn intellectual property assets including its e commerce business to a subsidiary of retail ecommerce ventures llc. Posted may 25 2019. Dressbarn parent ascena also owns women s apparel brands.
The first dressbarn opened in february 1962 in stamford connecticut by roslyn jaffe. The dressbarn e commerce site will remain open for business during the store closing process and will accept gift cards and merchandise credits through dec. Before shuttering the dressbarn locations the company had about 3 500 locations across all brands.
Dressbarn to close 100 of stores as parent company craters. Jaffe saw the opportunity to provide wear to work dresses and clothing for the working woman during a time when women were entering the workforce in greater numbers. Is an american retailer of women s clothing.
Chairman emeritus elliot jaffe and his wife and co founder roslyn own about 25 of ascena. Dressbarn s parent company ascena announced on monday that it would close all 650 dressbarn retail locations. Ascena retail group inc.
