DressBarn was founded in Stamford, Connecticut, in 1962 by Roslyn Jaffe, who realized that women were taking on more business jobs and needed more professional clothing. The company sells women’s clothing and accessories under a wide variety of names.
The company went public on the NASDAQ in 1982, originally under the ticker symbol DBRN, but after changing names in 2011 to Ascena Retail Group, their ticker symbol is now found under ASNA. DressBarn/Ascena Group also owns and operates numerous other stores, including Lane Bryant, Limited Too, Tween Brands, Justice, Ann Taylor, Loft, Catherine’s, Cacique, Dress Barn, Maurice’s and more. As of 2014, the company has almost 4,000 locations and employs approximately 16,000 people full time.
In 2016 the company had annual revenue of $ 6.99 billion and equity of $1.86 billion. DressBarn/Ascena Group now had headquarters located in Mahwah, New Jersey.
In May 2019, Dress Barn announced that it was closing all 650 locations, with the parent company Ascena stating that Dress Barn wasn’t operating an acceptable level of profit.
