Can retail be rescued? Why so many U.S. stores are closing
Dressbarn announced Monday that it will close all of its 650 stores, including locations in Natomas, Folsom, Elk Grove and Roseville.
No closing dates were announced by the struggling chain, founded in 1962 in Stamford, Connecticut. It sells women’s clothing and accessories and employs about 6,800 people.
“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, in a news release.
Dressbarn has stores at the Park Place 2 Shopping Center on Natomas Boulevard and Del Paso Road in North Natomas, in the Creekside Town Center near the Roseville Galleria, at Greenback Lane and Sunrise Boulevard in Citrus Heights, in the Folsom Premium Outlets and at the Elk Grove Commons.
The company, based in Manwah, New Jersey, said business will continue as usual for now at the stores and in online sales. This includes credit cards, returns, refunds, gift cards and loyalty rewards.
Some of the vacancies have been filled, or will be soon, in the Sacramento Valley.