The Dress Barn, Inc. announced that it has determined the final exchange ratio (the "Exchange Ratio") in connection with its previously announced offer to exchange (the "Offer") any and all of its 2.50% Convertible Senior Notes Due 2024 (the "Notes").

As a result of better than expected holiday season sales and margin performance, the Company is raising its diluted earnings per share guidance for fiscal 2010 by $0.05 to a range of $1.40 to $1.50 from its previous guidance of $1.35 to $1.45 announced December 16, 2009.

David R. Jaffe, President and Chief Executive Officer commented, “We were very pleased with our sales and margin performance at each of our concepts over the important holiday season. With overall stronger than expected comps sales and continued good inventory management, we have been able to outperform our expectations and deliver excellent profitability. The addition of Justice, which led our performance during the holiday season, has proceeded smoothly and we remain very excited about the earnings potential of this transaction to deliver increased value to our shareholders.”

Dress Barn, Inc. (NASDAQ - DBRN), today announced that it will be hosting an Investor Day on Wednesday, December 16, 2009, at the Grand Hyatt New York. The presentations will begin at 12:00 Noon, Eastern Time and will also be simultaneously webcast. The presenters will include David Jaffe, President and CEO, Michael Rayden, CEO, Justice, and Armand Correia, EVP and CFO. Other senior executives of the three brands will also be present. The presentations will be followed by a question and answer session.

The webcast will be available live to investors and the media on Dress Barn's website, www.dressbarn.com. A replay of the webcast will be available approximately 2 hours following the completion of the event on the Company's website.

ABOUT DRESS BARN, INC.

Dress Barn, Inc. (NASDAQ - DBRN), is a leading national specialty apparel retailer offering quality casual and career women's fashion apparel through its dressbarn and maurices brands and girls' apparel through its Justice brand. As of December 1, 2009, the Company operated 846 dressbarn stores in 47 states, 741 maurices stores in 44 states and 906 Justice stores in 45 states and Puerto Rico. For more information, please visit www.dressbarn.com, www.maurices.com and www.shopjustice.com.

Dress Barn, Inc. (NASDAQ - DBRN) today reported sales and earnings results for its fiscal first quarter ended October 24, 2009.

Net sales for the fiscal first quarter ended October 24, 2009 increased 7% to $404.1 million from $376.4 million for the fiscal first quarter ended October 25, 2008. Comparable store sales for the quarter increased 4%.

By division, net sales for dressbarn stores increased 6% to $248.0 million compared to $232.8 million for the first quarter of fiscal 2009, driven primarily by a comparable store sales increase of 5% for the quarter. Net sales for maurices stores increased 9% to $156.1 million compared to $143.6 million for the first quarter of fiscal 2009. The increase was driven by a comparable store sales increase of 4% and 13 new stores opened for the quarter.

Dress Barn, Inc. (NASDAQ - DBRN) today announces the release of its fiscal 2010 first quarter sales and earnings results on Thursday, November 19, 2009. Results will be released over Business Wire at approximately 4:00 P.M. Eastern Time. The Company will also host a conference call at 4:30 P.M. Eastern Time to review its results, which will include comments from its senior management team followed by a question and answer session.

Parties interested in participating in this call should dial in at (617) 614-3518 prior to the start time, the passcode is 40606328. The call will also be simultaneously broadcast at www.dressbarn.com. A recording of the call will be available shortly after its conclusion and until December 19, 2009 by dialing (617) 801-6888, the passcode is 90693356.

ABOUT DRESS BARN, INC.

Dress Barn, Inc. (NASDAQ - DBRN), is a leading national specialty apparel retailer offering quality career and casual fashion apparel through its dressbarn and maurices brands. As of October 24, 2009, the Company operated 846 dressbarn stores in 47 states and 734 maurices stores in 44 states. For more information, please visit www.dressbarn.com and www.maurices.com.