US: Ascena to save 7,500 Fashion Bug jobs?
Women's wear retailer Ascena Retail Group expects to save 7,500 jobs at its soon-to-be-shuttered Fashion Bug stores, according to reports.
Ascena is considering moving Fashion Bug employees to new stores that may replace the ones that are closing, according to The Philadelphia Inquirer. The report added that David Jaffe, chief executive of Ascena, said the company is not focused on eliminating jobs.
In addition, Jaffe expects to preserve 600 jobs at the headquarters of newly acquired Charming Shoppes, the report noted.
Earlier this month, Ascena completed its acquisition of US plus-size women's wear retailer Charming Shoppes for US$890m. The retail group said it will close the Fashion Bug brand by early 2013.
Ascena already operates 2,600 stores selling its Dressbarn, Maurices and Justice brands.
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