Flash Report 2 minutesRegister for Free AccessAscena Retail Group Announces Closure of Dressbarn, Eliminating its Value Fashion Segment Coresight Research May 23, 2019 Executive SummaryOn 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. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 51: Previewing Plans for 2024—Dollar General (US) and Asda (UK) To Lead Store OpeningsGenerative AI Latest: Nvidia at SIGGRAPH, the Rise of Google Cloud, US Consumer Concern on the Future Impacts of AIRetailTech: How Consumers and Grocery Retailers Can Reduce Food Waste from Field to FridgeMore Consumers Visit Open-Air Shopping Centers as Seasons Change: US Consumer Survey Insights
