U.S. womenswear chain Dressbarn will close remaining stores before Christmas

New York - The American womenswear fashion retailer announced Tuesday it will close all its remaining stores in the U.S. before December, 26.

The retailer also announced that starting its 544 locations across the country will start liquidation sales starting on November, 1.

Liquidation firm Gordon Brothers, which is in charge of the financial turnaround of the company, said customers can expect discounts on all of Dressbarn's merchandise, "from 20% to 40% off original price.”

Dressbarn is owned by Ascena Retail Group, a New Jersey-based brand who also owns Lane Bryant, Catherines, Ann Taylor, Justice and Cacique.