· President Donald Trump announced new tariffs Thursday on Chinese imports including footwear, apparel, electronics, and other consumer goods.
· The tariffs could trigger mass store closures. UBS.. Business Insider - Published
Ascena Retail Group Inc (NASDAQ:ASNA) posted fiscal third-quarter results late Monday dampened by a sizable revenue miss. The owner of brands such as Ann Taylor, LOFT and Dressbarn saw revenue remain.. Proactive Investors - Published
NEW YORK (AP) — Dressbarn says it expects to have all its 650 stores closed in the first half of 2020.
The women's clothing chain announced earlier this week that it was shutting all its stores.. SeattlePI.com - Published Also reported by •Seattle Times
Dressbarn has announced that it will close all of its about 650 store nationwide, meaning thousands could be out of a job. More and more retailers are closing brick and mortar stores. So far this year,.. CBS News - Published
Nearly 7,000 employees at the chain will likely lose their jobs. Retail store closings have already outpaced closings from last year. Brookings Institution senior fellow Mark Muro joined CBSN to.. CBS News - Published
A company executive said Monday that Dressbarn had “not been operating at an acceptable level of profitability in today’s retail environment.” NYTimes.com - Published Also reported by •Newsday •bizjournals
In today's MoneyWatch headlines, American Airlines is suing its mechanics' union, Little Caesars is offering a plant-based sausage pizza, and Dressbarn is closing all its stores citing unprofitability. CBS News - Published
The company's CFO, Steven Taylor, called it a difficult decision but said the "chain has not been operating at an acceptable level of profitability in today's retail environment." NPR - Published Also reported by •Chicago S-T •SeattlePI.com •Seattle Times
A national women's clothing chain said late Monday that it would wind down its retail operations, closing all of its approximately 650 stores, including two in the Dayton region. Officials at.. bizjournals - Published