Dress Barn Announces $100 Million Buyback

Dress Barn, Inc. (NASDAQ: DBRN) today announces that its board of directors has authorized a new $100 million stock repurchase program.

The company's board of directors has authorized a program to purchase up to $100 million of Dress Barn, Inc. common stock. The purchases are authorized to be made by the company from time to time when market conditions warrant. The program authorizes the purchase of Dress Barn common stock through open market purchases and/or privately negotiated transactions and will be subject to applicable SEC rules. This program replaces the $100 million stock repurchase program announced on September 20, 2007, which had a remaining authorization of $57.4 million.

David R. Jaffe, President and Chief Executive Officer of Dress Barn, Inc. commented, “The strength of our cash reserves and this new stock purchase authorization gives us the financial flexibility to opportunistically purchase shares of our common stock and to pursue other strategic alternatives in our continued commitment to enhance shareholder value.”