Analysts see Dressbarn closures as a key step for a positive future for Ascena Retail

New York - Ascena Retail Group (NASDAQ:ASNA) announced in late May its plans to sunset its Dressbarn, closing all its stores. The announcement followed months of speculation regarding a potential sale of the business. Is worth recalling that Ascena Retail Group has struggled for several years, accumulating a total debt that surpasses 1 billion dollars. Out of the group’s brands portfolio (Ann Taylor, Justice, Lane Bryant, Dressbarn, and Maurices), Dressbarn has been the worst performing one, seen its revenue shrink.