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Dressbarn Closure Is Expected to Benefit Ascena

Dress Barn
Photo Credit: Mike Mozart via Flickr cc

Ascena Retail Group recently announced that all of its Dressbarn stores will be closing. While it isn’t good news for the 6,800 employees affected, it’s expected to be good news for the shareholders. Dressbarn has been struggling for years, hitting Ascena’s numbers hard.

Ascena’s brands include Ann Taylor, Justice, Lane Bryant, Dressbarn, and Maurices. Dressbarn has lost money and seen its revenue shrink while some of the company’s other brands have done well.

Read more at The Motley Fool.