Formed in 2019, Retail Ecommerce Ventures has already purchased eight zombie retail brands and is eager to build a much bigger portfolio.
But company shares are still down more than 12 percent after the split.
Liquidation sales for the remaining 544 brick-and-mortar stores will begin Nov. 1.
The new database will be the first in the country that requires businesses to register storefronts that will also keep track of vacancies.
Twenty eight store closings occurring mostly this month were disclosed on Dressbarn’s web site.
The 57-year-old Dressbarn women’s specialty business suffered from a tired image and lack of profitability.
It’s the latest and most dramatic step in Ascena Retail’s turnaround efforts.
But analysts say the retail group has more work to do.
Editorial director James Fallon’s take on which retailers are succeeding this shopping season.
Moody’s cut the retail operator’s long-term credit rating, pointing to a first-quarter dip in sales and revenue.
Joe Jonas’ band DNCE is showing model behavior in their upcoming music video.