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Photo courtesy of Dressbarn.
Major women’s fashion retailer Dressbarn, founded in Connecticut more than 50 years ago, is closing.
It plans to close 650 stores overall, including 24 in Massachusetts, according to its website. The stores are spread across the state, from Beverly to West Springfield.
“For more than 50 years, Dressbarn has served women’s fashion needs, and we thank all of our dedicated associates for their commitment to Dressbarn and our valued customers,” Dressbarn CFO Steven Taylor said in a statement. “This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today’s retail environment. During the wind down process, we will continue to provide our customers with the same great experience both in-store and online, offering them even better deals and value. We will work to assist our associates through the transition and maintain existing relationships with our vendors, suppliers, and other key stakeholders through this process.”
Plans for closing individual Dressbarn locations “will be shared during the wind-down process,” a statement from the company said. Dressbarn has retained A&G Realty Partners to assist on real estate-related matters.
