(5/20/2019) - Dressbarn announced plans Monday to wind down its retail operations and eventually close all 650 stores nationwide.
Dressbarn is closing all 650 stores nationwide as it winds down retail operations.
All stores, including locations at the Genesee Valley Center mall in Flint Township and the Birch Run Premium Outlets, remain open and will continue business as usual.
No closing dates or liquidation sales for any of the New Jersey-based retailer's stores were announced. The company's e-commerce website remains open, as well.
“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," said Steven Taylor, chief financial officer of Dressbarn.
Plans for closing sales, closure dates and employee layoffs will be forthcoming, according to a statement from the company.