Dressbarn, the women’s clothing chain that’s been around for about 60 years, is closing all 650 of its stores. That includes one in Plainfield.
The company’s chief financial officer, Steven Taylor, said Dressbarn has not been operating at an “acceptable level of profitability in today’s retail environment.”
Its owner, Ascena Retail Group Inc., said it wants to focus on its more profitable brands. Ascena also owns Ann Taylor, Lane Bryant and other clothing stores.
The company did not say when Dressbarn will shut all its stores. Dressbarn employs about 6,800 people, who will be notified when decisions are made about specific store closures.
After the news was announced Monday, shares of Ascena Retail Group Inc. rose 2.6% to $1.17 in extended trading.
Shares of the Mahwah, New Jersey-based company are down more than 50% so far this year.
Its Plainfield location is 12736 S. Route 59.
Customers can continue to shop at Dressbarn in-store and online and use Dressbarn-branded credit cards for purchases, according to a news release from the retail group.
There are no current changes to Dressbarn’s return, refund or gift card policies.
• The Herald-News contributed to this report.