Acquisitions Help Ascena Q1 Profit, Sales Rise
Suffern, NY—Helped by the contributions from its recent acquisitions of Lane Bryant and Catherines, Ascena Retail Group reported late Wednesday better-than-expected first quarter earnings. For the...
View ArticleExecutives Moves: Gap North America, Ascena Retail Group, Lacoste
Gap North America Names New Executive VP San Francisco–Gap Inc. named Tom Sands as its new executive vice president of Gap North America, replacing Mark Breitbard who has been named chief executive of...
View ArticleAscena Q2 Profit Surges 50% on Higher Sales
Suffern, NY—Shares of Ascena Retail Group surged nearly 5% today after the company, parent of dressbarn, reported a 50% jump in its second quarter earnings on higher sales. For the quarter ended Jan....
View ArticleAscena to Buy Charming Shoppes for $890 Million
Suffern, NY—Ascena Retail Group, owners of dressbarn, maurices and Justice, announced today that it plans to buy Charming Shoppes, parent of Lane Bryant, for $890 million in cash. Under terms of the...
View ArticleAscena Q3 Profit Hit by Charming Shoppes Acquisition Costs
Suffern, NY—Ascena Retail Group reported last week that despite increased sales its third quarter profit fell 4.8% mostly due to costs associated with its acquisition of Lane Bryant. For the quarter...
View ArticleAscena to Close Newly Acquired Fashion Bug
Suffern, NY—Ascena Retail Group said Friday its had completed its Charming Shoppes takeover for about $900 million, an acquisition that adds Lane Bryant and Catherines Plus Sizes to Ascena’s dressbarn...
View ArticleAscena Hopes to Save 7,500 Jobs from Fashion Bug Closing
Philadelphia—While Ascena Retail Group, which recently acquired Charming Shoppes, may be planning to shutter its Fashion Bug stores, David Jaffe, Ascena’s ceo, said this week he hopes to preserve about...
View ArticleAscena Q4 Profit Drops Due to Charming Shoppes’ Acquisition Costs
Suffern, NY— net income of $1.6 million, or 1 cent a share, down from $28.2 million, or 18 cents a share, a year earlier. Income from continuing operations fell to $11.2 million, or 7 cents a share,...
View ArticleAcquisitions Help Ascena Q1 Profit, Sales Rise
Suffern, NY—Helped by the contributions from its recent acquisitions of Lane Bryant and Catherines, Ascena Retail Group reported late Wednesday better-than-expected first quarter earnings. For the...
View ArticleExecutives Moves: Gap North America, Ascena Retail Group, Lacoste
Gap North America Names New Executive VP San Francisco–Gap Inc. named Tom Sands as its new executive vice president of Gap North America, replacing Mark Breitbard who has been named chief executive of...
View ArticleDespite Markdown Pressure, Ascena Reports Better-Than-Expected Q2
Suffern, NY—Ascena Retail Group, parent to dressbarn, Lane Bryant, Catherines and other specialty stores, reported Monday that its second quarter profit was lower due to increased promotions and...
View ArticleExecutive Changes: Viva International, Maurices, FX International
Viva International Group Names Antonio Bortuzzo as President Somerville, NJ–Viva International Group recently named Antonio Bortuzzo as its new president, succeeding Sherry Lay who served as interim...
View ArticleAscena Q3 Profit Falls 37% Despite Sales Boost by Acquisitions
Suffern, NY—Pointing to economic challenges its customers are suffering under as well as cooler weather and merchandise misses at its Lane Bryant and dressbarn stores, Ascena Retail Group reported...
View ArticleAscena Q4 Profit Soars Past Expectations
Suffern, NY—Buoyed by online sales and improved gross margin, Ascena Retail Group reported Monday that its fourth quarter profit tripled, beating analysts’ estimates. For the quarter ended July 27, the...
View ArticleJustice Drags Ascena’s Q2 Profit Down 14%
Suffern, NY—Ascena Retail Group said Monday that it would lower its full year earnings forecast after posting a 14% drop in its second quarter profit due to a poor holiday performance at its Justice...
View ArticleAscena Retail Group to Award $150K in Grant Money
Mahwah, NJ—Ascena Retail Group, Inc., parent to Lane Bryant, dressbarn and Justice among others, has launched the first-ever Roslyn S. Jaffe Awards. This new annual awards program honors the lifelong...
View ArticleAscena Retail Group Tanks On Q4 Miss, Weak Outlook
Suffern, NY—Shares of Ascena Retail Group fell in trading to a 52-week-low today after the owner of Lane Bryant and dressbarn reported disappointing fourth quarter earnings and a cautious outlook. For...
View ArticleAscena List Winners in First Jaffe Awards for Women
Mahwah, NJ–Ascena Retail Group, Inc., announces the winners of the Roslyn S. Jaffe Awards recognizing individuals who help empower women and children. This new annual awards program honors the lifelong...
View ArticleAscena Earnings Increase Despite Lower Sales, Higher Costs
Suffern, NY–Ascena Retail Group Inc. Tuesday reported an increase in profit for the first quarter despite lower revenues and higher operating costs. Earnings trumped analysts’ estimates, while...
View ArticleAscena Q2 Profit Plunges, Maintains Outlook
Mahwah, NJ—Ascena Retail Group’s stock took a hit of more than 6% after the specialty retailer reported Tuesday second quarter earnings that missed estimates. The parent to Lane Bryant, dressbarn,...
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