Dressbarn to shutter Richmond-area stores

dressbarn stock

Dressbarn will close four of its Richmond area stores. (Stock image)

Another national retailer’s demise is having a ripple effect on local shopping centers.

Women’s clothing chain Dressbarn is closing all 650 of its stores nationwide, including four in the Richmond region.

Its local outposts are located at The Creeks at Virginia Centre in Henrico, at Commonwealth Center and Westchester Commons in Midlothian, and at 723 Southpark Blvd. in Colonial Heights.

Dressbarn’s parent company, publicly traded Ascena Retail Group, announced its plans to shutter the Dressbarn brand on Monday. Ascena owns seven other women’s retail brands, including Ann Taylor, LOFT, Justice and Lane Bryant. The company said in a statement that it is “focusing resources on (Ascena’s) most profitable brands.”

Dressbarn was founded in the early 1960s and is based in Mahwah, New Jersey.

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.”

Ascena and Dressbarn did not announce when the stores will be closing.

Dressbarn is the third national womenswear chain this year to announce a mass closure that includes reducing its Richmond presence.

Charlotte Russe announced it’ll be closing all of its 400 stores nationally – including three locally – as part of its bankruptcy. And Victoria’s Secret quietly closed both its Stony Point Fashion Park and Virginia Center Commons stores.

dressbarn stock

Dressbarn will close four of its Richmond area stores. (Stock image)

Another national retailer’s demise is having a ripple effect on local shopping centers.

Women’s clothing chain Dressbarn is closing all 650 of its stores nationwide, including four in the Richmond region.

Its local outposts are located at The Creeks at Virginia Centre in Henrico, at Commonwealth Center and Westchester Commons in Midlothian, and at 723 Southpark Blvd. in Colonial Heights.

Dressbarn’s parent company, publicly traded Ascena Retail Group, announced its plans to shutter the Dressbarn brand on Monday. Ascena owns seven other women’s retail brands, including Ann Taylor, LOFT, Justice and Lane Bryant. The company said in a statement that it is “focusing resources on (Ascena’s) most profitable brands.”

Dressbarn was founded in the early 1960s and is based in Mahwah, New Jersey.

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.”

Ascena and Dressbarn did not announce when the stores will be closing.

Dressbarn is the third national womenswear chain this year to announce a mass closure that includes reducing its Richmond presence.

Charlotte Russe announced it’ll be closing all of its 400 stores nationally – including three locally – as part of its bankruptcy. And Victoria’s Secret quietly closed both its Stony Point Fashion Park and Virginia Center Commons stores.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments