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The retail industry suffered another blow Monday after Dressbarn’s parent company announced it was shutting down the clothing chain’s operations.

“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,” Gary Muto, CEO of Dressbarn’s parent company Ascena Retail Group, said in a statement.

Muto said the company will eventually close all its roughly 650 Dressbarn stores, but that they remain open for now. Ascena indicated the winddown would not affect its