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Ascena Retail Group Announces Closure of Dressbarn, Eliminating its Value Fashion Segment

Executive Summary

On May 20, 2019, Ascena Retail Group announced the closure of its Dressbarn business. 

  • Dressbarn, a value fashion chain, operated 674 stores at the end of 2Q19. 
  • Dressbarn stores accounted for 15% of Ascena Retail Group’s total portfolio of 4,486 stores. 
  • In May 2019, Ascena Retail Group completed the sale of Maurices, its other value fashion brand, which had 943 stores. The Maurices transaction was valued at $300 million.

Coresight Research’s tracks news about store closures, openings and bankruptcies in the US and the UK. Our Weekly Store Tracker focuses on department stores and specialty retail stores, including, but not limited to, those selling softlines, hardlines, consumer electronics, groceries and furniture.  Click here to view our collection of store trackers.

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