MAHWAH, N.J.--(BUSINESS WIRE)--ascena retail group, inc. (Nasdaq:ASNA) (“ascena” or the “Company”) today reported that its Dressbarn brand has announced plans to commence a wind down of Dressbarn’s operations. This decision has no impact on the operations of any of ascena’s other brands and will strengthen the Company’s overall financial performance. Dressbarn is issuing a separate press release today.

Dressbarn’s wind down is another significant step taken to advance ascena’s ongoing transformation. This move is in line with the Company’s commitment to comprehensively assess and optimize its portfolio by focusing resources on its most profitable brands to position the business for long-term growth and enhance shareholder value. Today’s announcement follows ascena’s recently completed sale of its maurices brand.

About ascena retail group, inc.

ascena retail group, inc. (Nasdaq:ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (Dressbarn), Plus Fashion segment (Lane Bryant, Catherines, and Cacique), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. through its retail brands operates ecommerce websites and approximately 3,500 stores throughout the United States, Canada, and Puerto Rico.