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Ascena Retail Group

Ascena books Q1 profit despite sales slide

11 December 2019 | Beth Wright

Ascena Retail Group, owner of the Ann Taylor, Loft and Lane Bryant chains, has reported a mixed first quarter as profit surged but net sales dropped by 3% amid the wind down of its Dressbarn business.... read more


Dressbarn new owner to refresh website

1 November 2019 | Beth Wright

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. ... read more


Ascena Retail Group swings to Q4 net loss

8 October 2019 | Beth Wright

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.... read more


Ascena Retail Group names Dan Lamadrid CFO

29 July 2019 | Hannah Abdulla

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. ... read more


Ascena Retail Group widens Q3 net loss

11 June 2019 | Beth Wright

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.... read more


Ascena announces wind down of Dressbarn business

21 May 2019 | Beth Wright

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.... read more


Ascena completes Maurices sale for $300m

7 May 2019 | Beth Wright

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.... read more


Ascena coy on Dressbarn sale speculation

4 April 2019 | Hannah Abdulla

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


Ascena to sell stake in Maurices chain for $300m

25 March 2019 | Leonie Barrie

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.... read more


Ascena Retail Group widens Q2 net loss

20 March 2019 | Beth Wright

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. ... read more


Ascena Retail sees Q1 profit dip on fewer stores

11 December 2018 | Hannah Abdulla

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.... read more


Ascena ends year on sound note, returns to profit

25 September 2018 | Michelle Russell

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.... read more


Ascena names new Loft and Ann Taylor presidents

6 August 2018 | Beth Wright

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


Ascena Retail continues run of weak performance

5 June 2018 | Michelle Russell

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.... read more


Ascena Retail shares tumble as loss widens in Q2

7 March 2018 | Beth Wright

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.... read more


Ascena promotes Stern to Dressbarn president

30 January 2018 | Leonie Barrie

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


US holiday sales in brief – The Children's Place, Nordstrom, Target Corp

10 January 2018 | Beth Wright

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.... read more


Ascena Retail Group appoints Plus Fashion president

9 January 2018 | Leonie Barrie

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


Ascena Retail shares tumble as Q1 profit falls 54.2%

5 December 2017 | Beth Wright

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. ... read more


Ascena Retail moves to Q4 loss on lower traffic

26 September 2017 | Michelle Russell

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.... read more


Ascena leadership changes designed to drive growth

2 August 2017 | Beth Wright

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.... read more


Ascena maintains guidance despite Q3 loss

9 June 2017 | Beth Wright

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.... read more


Ascena widens Q2 net loss on traffic headwinds

7 March 2017 | Michelle Russell

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.... read more


Ascena outlook cautious despite Q1 profit

2 December 2016 | Michelle Russell

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.... read more


Ascena restructuring includes new sourcing focus

5 October 2016 | Michelle Russell

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. ... read more


Ascena Retail disappoints amid challenging year

20 September 2016 | Leonie Barrie

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."... read more


Retail fallout unclear following Hanjin Shipping collapse

14 September 2016 | Leonie Barrie

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.... read more


Ascena Retail battles "challenging" Q3

1 June 2016 | Michelle Russell

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. ... read more


Analysts upbeat on Ascena despite mixed Q2 

3 March 2016 | Katie Smith

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. ... read more


US holiday retail roundup

14 January 2016 | Katie Smith

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. ... read more


Ascena Retail Group swings to Q1 loss of $18.1m

2 December 2015 | Katie Smith

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


Ascena swings to Q4 loss on weak Justice and Dressbarn

16 September 2015 | Katie Smith

Ascena Retail Group's Justice and Dressbarn businesses weighed on the US fashion retailer's fourth-quarter performance, pushing it to a net loss.... read more


Ascena cuts FY outlook on Justice headwind

13 January 2015 | Katie Smith

Ascena Retail Group has cut its full-year earnings guidance, after lower-than-expected sales and elevated promotional activity at its Justice brand during the holiday period.... read more


Ascena Q1 profit down 23% as Justice suffers

3 December 2014 | Richard Woodard

Profits fell in the first quarter at Ascena Retail Group, with comparable store sales down at the company’s Justice chain in particular.... read more


Joe Benbasset to improve manufacturing visibility

13 November 2014 | Leonie Barrie

Apparel design and manufacturing business Joe Benbasset Inc has selected the BlueCherry Enterprise Suite from CGS to replace its legacy systems and improve visibility and alignment of customer and production orders.... read more


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