Ascena Retail Group news and archive

Ascena Retail Group expects Q2 loss of 23 to 28 cents per share

Ascena Retail Group, Inc. reported 3 percent increase in holiday comp sales with comparable sales at Ann Taylor up 7 percent, at Loft, up 14 percent, with comparable sales at Maurices and Dressbarn up 2 percent and 3 percent respectively. Lane Bryant comparable sales were down 9 percent, Catherines, down 3 percent and comparable sales at Justice...

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Ascena Retail Q1 comparable sales rise 3 percent

For its first quarter ended November 3, 2018, Ascena Retail Group, Inc. reported GAAP earnings of 3 cents per diluted share, flat compared to the year-ago period, as the company said, an increase in comparable sales and lower restructuring costs were offset by the impact of a lower gross margin rate, unfavourable timing related to the adoption...

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Ascena names Kate Buggeln its lead independent director

Ascena Retail Group, Inc. has confirmed the retirement of Randy L. Pearce and also announced the appointments of Kate Buggeln as Lead Independent Director, who steps into the position vacated by Pearce. Additionally, the company said, Carrie W. Teffner has been appointed a member of Ascena’s board of directors, effective immediately. “We are...

ManagementFeatured

Ascena Retail Group: Q4 comparable sales increase 4 percent

Ascena Retail Group, Inc. for its fourth quarter, reported adjusted earnings of 0.07 dollar per diluted share compared to 0.05 dollar per diluted share in the year-ago period. Adjusted earnings for full year were a loss of 0.02 dollar per diluted share compared to adjusted earnings of 0.22 dollar per diluted share in the year-ago period. Net...

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Ascena promotes two executives as presidents of premium fashion segment

Ascena Retail Group, Inc. has announced the appointment of two presidents in the premium fashion segment. The company said, Andrew Clarke has been named, President of the Loft brand and Julie Rosen has been appointed President of the Ann Taylor and Lou & Grey brands. Commenting on the promotions, Gary Muto, President and Chief Executive Officer...

Retail

Ann Taylor Factory and Loft Outlet to launch e-commerce sites

Consumers looking for affordable womenswear online are soon to have two more options, as Ann Taylor Factory and Loft Outlet are both launching e-commerce websites. While loftoutlet.com is already online, the website for off-price Ann Taylor clothing is set to launch on Tuesday, June 26. Both brands are owned by Ascena Retail Group, one of the...

Management

Ascena Retail Group: Decline in comparable sales impacts Q1 performance

Ascena Retail Group, Inc., for its fiscal third quarter ended April 28, 2018 reported a GAAP loss of 0.20 dollar per diluted share compared to 5.29 dollars per diluted share in the year-ago period, which included a significant non-cash impairment charge to write-down a portion of the company's goodwill and other intangible assets. Non-GAAP...

Business |IN DEPTH Featured

A closer look at the fashion companies that made this year’s Fortune 500 list

Walmart has topped Fortune magazine’s list of the 500 most valuable companies in the US once more. 16 other fashion retailers have also made the list, but none of them are newcomers. FashionUnited takes a closer look at the most recent developments to stem from these companies. Walmart - 1 Several businesses are being removed from Walmart’s...

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Ascena Retail Group Q2 GAAP loss widens

Ascena Retail Group, Inc. reported a GAAP loss of 0.20 dollar per diluted share compared to 0.18 dollar per diluted share in the year-ago period, while non-GAAP adjusted loss was 0.12 dollar per diluted share compared to 0.07 dollar in the year-ago period. Commenting on the second quarter results, David Jaffe, CEO of Ascena Retail Group said in...

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Erin Stern named President of Dressbarn

Ascena Retail Group has announced that Erin Stern has been promoted to President of Dressbarn. “Erin brings extraordinary strategic, branding and merchandising capabilities that will complement our current leadership team,” said Gary Muto, President and Chief Executive Officer of Ascena Brands in a statement, adding, “I’ve known Erin from our...

ManagementFeatured

Ascena's holiday sales drop, appoints new president for plus fashion

Total comparable sales at Ascena Retail Group for the holiday period dropped 3 percent. The company said while comparable sales for the kids fashion category (Justice) increased 4 percent, its plus fashion brands Lane Bryant and Catherines together declined 2 percent with flat and 7 percent drop in both respectively. Premium fashion segment’s...

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Ascena Retail Group: Comparable sales decline impacts Q1 earnings

Ascena Retail Group reported GAAP earnings of 0.03 dollar per diluted share for the first quarter compared to 0.07 dollar per diluted share in the year-ago period. The company said that the decrease was primarily driven by the comparable sales decline of 5 percent. Non-GAAP adjusted earnings were 0.11 dollar per diluted share compared to 0.18...