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breaking News: DressBarn Out! - News Paper-News of the United States was founded in 1933 by David Lawrence (1888-1973), which also started the World Report in 1946. The two magazines are covering national and international news separately, but Lawrence combines them into news reports of U.S. in World and 1948 [1] and Later sold the magazine to its employees. Historically, this magazine tends to be a bit more conservative than the two main competitors, Time and Newsweek, and focus more on the story of economic, health, and education. It's also distancing news, entertainment and sports celebrities. [2] an important milestone in the history of the beginning of the magazine is including the introduction of the "Washington Whispers" column in 1934 and the column "News You Can Use" in 1952. [3] [4] in 1958, the circulation of the weekly magazine passed one million and two million in 1973. (wikipedia) breaking News: DressBarn Out! - News Paper
Another women's clothing chain out of business.
So much winning....if you're a CEO or stock trader. You are taking home a golden parachute while the employees are being sent to the unemployment line. The women's fashion retailer Dressbarn announced they're proceeding in a chapter 7 liquidation.
Otherwise the company is going out of business and will close up all of its 700 stores. It will leave another vacant property at your local shopping mall or strip center.
This will put 15,000 employees out of their jobs.
Ascena Retail Group announced the decision on Tuesday citing Amazon, TJX Corporation (TJ Maxx, Marshalls and HomeGoods) were killing the business.
No shareholders piling on debt and the cost of living was never adjusted for those who want to work for a decent pay.
The company owns the struggling Ann Taylor and Lou & Grey. The company had its spokesman respond to the news.
"This decision was difficult, but necessary, as the Dressbarn chain has been operating at an acceptable level of profitability in today's retail environment," Dressbarn Chief Financial Officer Steven Taylor said.
Another business is closing under Donald J. Trump and Republican control.
2019 is on course of being the year we seen the total destruction of brick and mortar stores in the United States.
from Journal de La Reyna (World News Today) http://bit.ly/2EnnZ7w
breaking News: DressBarn Out! - News Paper
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