NEW YORK — Dressbarn, the women's clothing chain that's been around for nearly 60 years, is closing all 650 of its stores.

The company's chief financial officer, Steven Taylor, said Dressbarn has not been operating at an "acceptable level of profitability in today's retail environment."

Its owner, Ascena Retail Group Inc., says it wants to focus on its more profitable brands. Ascena also owns Ann Taylor, Lane Bryant and other clothing stores.

The company did not say when Dressbarn will shut all its stores. Dressbarn employs about 6,800 people.

After the news was announced Monday, shares of Ascena Retail Group Inc. rose 2.6% to $1.17 in extended trading. Shares of the Mahwah, New Jersey-based company are down more than 50% so far this year.

Other retail closing announcements so far in 2019:

Gymboree to start closing all stores after 2nd bankruptcy

Another 40 Sears, Kmart stores closing: See the list

Full list: Fred's plans to close 104 more stores before July

Payless begins liquidation sales ahead of closing all US stores

Charlotte Russe 'going out of business,' closing all its stores

Charlotte Russe planning comeback, will reopen 100 stores