Ascena Retail Group

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Dressbarn new owner to refresh website Beth Wright | 1 Nov 19

Ascena Retail Group has sold the intellectual property assets of its Dressbarn brand to a subsidiary of Retail Ecommerce Ventures LLC and has begun the process of transitioning its e-commerce business to the firm. 


Ascena Retail Group swings to Q4 net loss Beth Wright | 8 Oct 19

Ascena Retail Group, owner of the Ann Taylor, Loft and Lane Bryant chains, has swung to a fourth-quarter net loss amid a 4.6% drop in revenue and restructuring costs.


Ascena Retail Group names Dan Lamadrid CFO Hannah Abdulla | 29 Jul 19

Ascena Retail Group has named its senior vice president, finance and chief accounting officer, Dan Lamadrid, as its new executive vice president and chief financial officer.


Ascena Retail Group widens Q3 net loss Beth Wright | 11 Jun 19

Ascena Retail Group, owner of the Ann Taylor, Loft and Lane Bryant chains, has widened its net loss in the third quarter and reported a drop in sales, three weeks after announcing the wind-down of its Dressbarn business.


Ascena announces wind down of Dressbarn business Beth Wright | 21 May 19

Ascena Retail Group has announced its Dressbarn brand is to wind down its retail operations in a move that will include the eventual closure of its 650 stores.


Ascena completes Maurices sale for $300m Beth Wright | 7 May 19

Ascena Retail Group, owner of the Ann Taylor, Loft and Lane Bryant chains, has completed the sale of its Maurices women's clothing business for $300m.


Ascena coy on Dressbarn sale speculation Hannah Abdulla | 4 Apr 19

Ascena Retail Group has refused to be drawn into speculation it is mulling the sale of its Dressbarn unit.


Ascena to sell stake in Maurices chain for $300m Leonie Barrie | 25 Mar 19

Shares in Ascena Retail Group, owner of the Ann Taylor, Loft and Lane Bryant chains, have jumped more than 12% after the company said it is selling a majority stake in its Maurices women's clothing business for $300m.


Ascena Retail Group widens Q2 net loss Beth Wright | 20 Mar 19

Ascena Retail Group CEO, David Jaffe, said the company remains on track with all cost takeout and capability building components of its transformation programme, despite a widening of its net loss and a drop in revenue in the second quarter. 


Ascena Retail sees Q1 profit dip on fewer stores Hannah Abdulla | 11 Dec 18

US women's wear retailer Ascena Retail Group has reported a slight dip in earnings and sales for the first quarter on the back of fewer stores as part of an ongoing optimisation programme and increased expenses.


Ascena ends year on sound note, returns to profit Michelle Russell | 25 Sep 18

Ascena Retail Group has ended its fiscal year on a sound note as it moved to a profit in the fourth quarter and booked higher margins on the back of improved sales.


Ascena names new Loft and Ann Taylor presidents Beth Wright | 6 Aug 18

Ascena Retail Group has promoted new presidents for its Loft, Ann Taylor, and Lou & Grey brands.


Ascena Retail continues run of weak performance Michelle Russell | 5 Jun 18

Ascena Retail Group has continued its run of weak performance with what analysts have described as an "unimpressive and uninspiring" set of third-quarter results thanks to a soft start in February and challenges in its value segment.


Ascena Retail shares tumble as loss widens in Q2 Beth Wright | 7 Mar 18

Shares in Ascena Retail Group were down more than 12% in after-hours trading on Monday (5 March) as the US women's wear retailer widened its net loss in its second-quarter.


Ascena promotes Stern to Dressbarn president Leonie Barrie | 30 Jan 18

Ascena Retail Group has promoted Erin Stern to president of its value fashion Dressbarn brand.


US holiday sales in brief – The Children's Place, Nordstrom, Target Corp Beth Wright | 10 Jan 18

Holiday sales have seen a solid performance at many leading US apparel and footwear retailers, with Target, American Eagle Outfitters, JC Penney, Urban Outfitters and Kohl's among those who have benefited from increased consumer spending on the back of strong economic growth, low unemployment and rising home and equity prices.


Ascena Retail Group appoints Plus Fashion president Leonie Barrie | 9 Jan 18

Ascena Retail Group has named Eric Hunter as president of its Plus Fashion segment, which includes the Lane Bryant, Catherines and Cacique brands.


Ascena Retail shares tumble as Q1 profit falls 54.2% Beth Wright | 5 Dec 17

Shares in Ascena Retail Group were down more than 19% in after-hours trading yesterday (4 December) as the US women's wear retailer posted a 54.2% drop in net income in its first-quarter.


Ascena Retail moves to Q4 loss on lower traffic Michelle Russell | 26 Sep 17

US women's wear retailer Ascena Retail Group has booked a loss in its fourth-quarter and lower sales as the company battled slowing store traffic and booked costs related to its transformation plan and acquisition of Ann Inc.


Ascena leadership changes designed to drive growth Beth Wright | 2 Aug 17

US women's wear retailer Ascena Retail Group has appointed Gary Muto to the newly created position of president and CEO of Ascena Brands as part of a series of leadership changes designed to help drive company growth.


Ascena maintains guidance despite Q3 loss Beth Wright | 9 Jun 17

US women's wear retailer Ascena Retail Group has maintained its full-year and fourth-quarter guidance, despite moving to a net loss of more than US$1bn in its third quarter.


Ascena widens Q2 net loss on traffic headwinds Michelle Russell | 7 Mar 17

Ongoing store traffic headwinds and overall customer price sensitivity continued to impact US women's wear retailer Ascena Retail Group in its second-quarter as net losses widened and sales fell.


Ascena outlook cautious despite Q1 profit Michelle Russell | 2 Dec 16

US women's wear retailer Ascena Retail Group has offered a cautious outlook for the rest of its financial year, despite moving to a profit in the first quarter.


Ascena restructuring includes new sourcing focus Michelle Russell | 5 Oct 16

US women's wear retailer Ascena Retail Group is restructuring its business to focus on key customer segments, improve its time-to-market and reduce working capital, with the changes including a new brand services team to oversee supply chain, sourcing and logistics. 


Ascena Retail disappoints amid challenging year Leonie Barrie | 20 Sep 16

US women's wear retailer Ascena Retail Group has offered disappointing guidance for its new fiscal year, after posting a fourth quarter performance that was "well below expectations."


Retail fallout unclear following Hanjin Shipping collapse Leonie Barrie | 14 Sep 16

As efforts continue to try to rescue cargo stranded in the wake of the collapse of Hanjin Shipping, the world's seventh-largest container shipper, fallout for apparel and footwear importers and exporters remains unclear.


Ascena Retail battles "challenging" Q3 Michelle Russell | 1 Jun 16

US women's wear retailer Ascena Retail Group said it battled an unseasonably cold spring in the third quarter as it revealed mixed results with a fall in earnings but higher revenues. 


Analysts upbeat on Ascena despite mixed Q2  Katie Smith | 3 Mar 16

Analysts remain upbeat on Ascena Retail Group despite the US fashion retailer recording a mixed second-quarter performance, swinging to a loss despite sales and margin improvement. 


US holiday retail roundup Katie Smith | 14 Jan 16

With the holiday season done and dusted, US apparel and footwear retailers are now counting the cost. In the most recent results, New York & Co has narrowed its fourth-quarter outlook despite posting an increase in comparable store sales, while Express has lifted its guidance. Shoe Carnival, Genesco and American Eagle Outfitters all booked increases. However, Bon-Ton Stores and Ascena Retail Group posted declines. 


Ascena Retail Group swings to Q1 loss of $18.1m Katie Smith | 2 Dec 15

US fashion retailer Ascena Retail Group recorded a mixed first-quarter performance, swinging to a net loss, while sales jumped. 

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