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After more than 50 years in business Cheap Adidas Continental 80 kids , Dressbarn is closing up shop.The clothing chain's parent company, Ascena Retail Group Inc., announced on Tuesday that it will shut down all of the retailer's 650 stores across the United States.In a letter posted on the Dressbarn website, Ascena CEO Gary Muto wrote, "From working women to mothers on the go, we have been there for our customers — for their everyday needs as well as their most special occasions ... It has been our pleasure to serve you, making it all the more difficult to let you know that the decision has been made to begin winding down the Dressbarn business."The move — which will affect about 6 Cheap Adidas NMD kids ,800 employees — comes as Ascena shifts its focus on its more profitable brands, such as Ann Taylor and Loft. Last year, the firm brought in new leadership in an attempt to revamp the brand's image as Dressbarn continued to struggle to compete in the apparel space. (The retailer also sells shoes.)In the fiscal year ended Aug. 4, Ascena saw a decline of 10% in Dressbarn's same-store sales. Revenues for the company's fashion division, which included Dressbarn, dropped almost 7% to $1.82 billion."This decision was difficult, but necessary cheap yeezy kids , as the Dressbarn chain has not been operating at an acceptable level of profitability in today's retail environment," CFO Steven Taylor said in a statement.As it begins to shutter operations, Dressbarn stores and its e-commerce platform will remain open for customers, conducting business as usual. Shoppers can still use their Dressbarn credit cards for purchases, with no changes to its return, refund or gift card policies. (Plans for closing individual locations "will be shared during the wind-down process," the statement read.)The women's apparel business becomes the latest casualty in the retail industry cheap Nike sneakers , which has seen more store closures so far this year compared with the total number recorded for the whole year of 2018."Dressbarn has been a challenged store concept for Ascena in the recent years with the shift in consumer preferences," said Steve Marotta, senior VP of equity research and senior research analyst at CL King & Associates Inc. "The division it was in was losing money, and Ascena is under some financial distress at the moment. Out of all the retail concepts that they currently operate, [Dressbarn] is certainly one of the weaker ones from a profitability standpoint, so it's not that large a surprise."Watch FN's interview with these top shoe players.Want more?Retail Store Closures So Far This Year Already Exceed All of 2018, Says ReportAll the Companies That Are Downsizing in 2019 Ivanka Trump has chic summer style on lock.The 37-year-old posted an Instagram from the Victoria & Albert Museum in London today Cheap Nike Shoes , where she spent the day viewing the Christian Dior exhibit ahead of President Donald Trump's state visit to England.The first daughter looked effortlessly stylish for her museum visit, wearing a yellow floral-print silk dress by Les Reveries. The dress, which boasts long sleeves, a high neck and a back button fastening, is available for purchase on Farfetch.com for $648./p/ByNpoEIh2it/For footwear, the senior White House advisor selected electric blue pumps with a pointed silhouette and a stiletto heel. She pulled together her look with a pair of dark shades and a brown handbag.While Trump is no longer involved in the fashion space, she ran her eponymous Ivanka Trump Collection brand until 2018 selling apparel, accessories and footwear. For appearances at the White House and official events, the mother of three often steps out in stilettos from top shoe brands such as Gianvito Rossi and Manolo Blahnik.The president and first lady will remind in England tomorrow for a three-day state visit. They'll be guests of Queen Elizabeth II and will meet with her, as well as Prince William and Kate Middleton. Additionally, they will attend an event in Portsmouth to mark 75 years since the D-Day landings.Watch the video below to see celebrity highlights from the FNAAs through the years.Want more?Ivanka Trump Wears the Chicest Summer Shirtdress With White Sneakers at Battle of Gettysburg SiteIvanka Trump Wears a Bold Red Dress and Pointy Shiny Heels in IndianapolisIvanka Trump Goes Horseback Riding in Skinny Jeans & Western Boots
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