Dressbarn has become the latest national retailer to run into trouble, announcing it'll be winding down its operations and closing all 650 of its U.S. stores.
Parent company Ascena Retail Group said the decision was made to focus its resources "on its most profitable brands" as it positions itself for long-term growth.
Ascena's other brands include Ann Taylor, LOFT, and Catherines.
It'll mean all 13 Dressbarn stores in Minnesota will be closing down in the near future. Here are its Minnesota locations:
- Albertville Premium Outlets
- Village of Blaine Shops
- Burnsville Center
- Coon Rapids Riverdale Village
- Duluth Miller Hall Mall
- Twin Cities Premium Outlets in Eagan
- Mankato Heights Plaza
- Maple Grove Crossing
- Medford Outlet Center
- North Branch Outlets
- Rochester Broadway Commons
- Crossroads Center, St. Cloud
- Woodbury Village Shopping Center
In a statement, Dressbarn CFO Steven Taylor says the women's clothing chain has "not been operating at an acceptable level of profitability in today’s retail environment."
It's the latest in a growing line of store closures announced by major retailers, with Minnesota in the past year seeing closures from retailers including Herberger's, Payless Shoesource, Gap, Victoria's Secret, and Gymboree, among others.
Dressbarn, has been around since 1962 and employs 6,800 people across all of its stores.
CNBC reports that the company has struggled to survive amid the shift towards "fast-fashion" women's retailers like H&M and Zara, and off-price chains like TJ Maxx and "even Target."