CHERRY VALLEY, Ill. (WIFR) -- According to a report from USA Today, Dressbarn is preparing to close all 650 stores.
Dressbarn, a woman's clothing retailer, has one location at CherryVale Mall. 23 News has reached out to the mall for comment, but has not heard back from a representative in regards to the report.
The company's CFO offered the following statement to USA Today.
"For more than 50 years, Dressbarn has served women's fashion needs, and we thank all of our dedicated associates for their commitment to Dressbarn and our valued customers,” said Steven Taylor, Dressbarn chief financial officer of Dressbarn, in a statement. “This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today's retail environment.”