Dress Barn Announces They Will Close All 650 of Their Stores

Dresses
Photo credit Getty Images
The clothing retailer Dress Barn has announced that they will close ALL 650 of their stores in the US. Dress Barn is owned by Ascena Retail Group Inc and the company's CFO stated that profits for the brand have been low and that they are going to focus on their other brands like Ann Taylor. There is no word yet on when all of the stores will officially close but an estimated 6,800 people will lose jobs.