Ascena Retail Group, Inc. (ASNA)
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Montag, 08.01.2018 14:05
MAHWAH, N.J. --(BUSINESS WIRE)--
ascena retail group, Inc. (NASDAQ – ASNA) (the “Company”) today announced sales results for the Holiday period (Saturday 11/18/17 – Monday 1/1/18) as presented below by segment and brand, and reaffirmed its second quarter earnings per share guidance.
Segment
Comparable Sales
Kids Fashion (Justice)
4%
Plus Fashion
(2%)
Lane Bryant
Flat
Catherines
(7%)
Premium Fashion
(3%)
LOFT (1%)§
Ann Taylor (6%)
Value Fashion
(9%)
maurices (6%) §
dressbarn
(13%)
§
Total ascena
(3%)
David Jaffe, Chief Executive Officer commented, “While holiday performance was mixed across our brand portfolio, we were pleased with the continued comp acceleration at Justice, along with the significant trend improvement at both LOFT and Lane Bryant, which were five points better than the prior quarter. As we discussed in our December call, we are aggressively addressing merchandising issues at dressbarn, and anticipate trend improvement as we get into the Spring season. Quarter to-date enterprise comparable sales are down 3%, and we are reaffirming our second quarter earnings guide of a 7 to 12 cent loss per share, excluding the potential impact from recently enacted tax reform.”
About ascena retail group, inc.
ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant, Catherines and Cacique), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,800 stores throughout the United States, Canada and Puerto Rico.
For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180108006025/en/
(c)Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Montag, 08.01.2018 14:15
MAHWAH, N.J. --(BUSINESS WIRE)--
ascena retail group, inc. (NASDAQ:ASNA), announced today that Eric Hunter will serve as President of ascena’s Plus Fashion segment which includes the Lane Bryant, Catherines and Cacique brands.
“Eric’s broad experience and focus on the customer makes him well-equipped to take on this essential leadership position,” said Gary Muto, President and Chief Executive Officer of ascena Brands.
Mr. Hunter’s background includes more than 20 years of diverse marketing experience. Most recently, he served as Executive Vice President of Marketing for Pier 1 Imports, Inc., a position he held since 2013. Mr. Hunter also has experience as Senior Vice President and acting Chief Marketing Officer for JCPenney Company where he led strategy, research, creative, media, customer relationship management and digital direction. Prior to that, Mr. Hunter served as Chief Marketing Officer & Group President with Kellwood Company. He also gained experience at PMK/HBH/Momentum and Creative Artists Agency. Mr. Hunter earned his bachelor’s degree in Marketing and International Business from Northeastern University and his master’s degree from the University of Oxford.
“After a comprehensive search process, we have found an outstanding individual to assume leadership of these iconic brands,” said David Jaffe, Chairman and Chief Executive Officer of the ascena retail group, inc. “Eric has a track record of strong leadership, vision and strategy both inside and outside of retail that make him uniquely qualified to lead our Plus Fashion segment into the future.”
“I’m very excited to join ascena and contribute to the company’s transformation and growth efforts by leading Lane Bryant, Catherines and Cacique,” said Mr. Hunter.
About ascena retail group, inc. ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant, Catherines and Cacique), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,800 stores throughout the United States, Canada and Puerto Rico.
For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.
ascena retail group, inc. (NASDAQ:ASNA), announced today 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. “I’ve known Erin from our work together at ascena, but also when our career paths crossed at Gap Inc. She is an extremely talented leader with a passion for product, brand and our customer.”
Ms. Stern spent the majority of her career at Gap Inc. where she held senior leadership roles across multiple product categories. She was also the Chief Merchant for Juicy Couture and President of bebe Sport. Prior to naming her as President of dressbarn, Ms. Stern served as EVP-Chief Merchandising Officer for maurices. Ms. Stern received a B.A. degree in Sociology from Tulane University in New Orleans, LA.
“It’s always energizing to promote from within, especially with a candidate who has Erin’s drive, tenacity and product expertise,” said David Jaffe, Chairman and Chief Executive Officer of the ascena retail group, inc.
“I’m excited to work alongside this talented team. The combination of this brand’s strong history, combined with its niche in the market, make us uniquely positioned to play a more meaningful role in our customer’s lives,” said Ms. Stern.
About ascena retail group, inc. ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant, Catherines and Cacique), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,700 stores throughout the United States, Canada and Puerto Rico.
For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180129005331/en/
(c)Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Reuters Staff
1 MIN READ
March 5 (Reuters) - Ascena Retail Group Inc:
* ASCENA RETAIL GROUP, INC. REPORTS SECOND QUARTER RESULTS AND PROVIDES GUIDANCE FOR THIRD QUARTER OF FISCAL 2018; SECOND QUARTER GAAP EPS LOSS OF $0.20; NON-GAAP ADJUSTED EPS LOSS OF $0.12; COMPARABLE SALES DOWN 2PCT
* Q2 ADJUSTED NON-GAAP LOSS PER SHARE $0.12
* Q2 SALES $1.719 BILLION VERSUS $1.748 BILLION
* SEES Q3 2018 NON-GAAP LOSS PER SHARE $0.07 TO $0.12
* SEES Q2 GAAP LOSS PER SHARE $0.20
* REMAIN ON TRACK TO ACHIEVE $300 MILLION IN COST SAVINGS BY JULY 2019
* ASCENA RETAIL GROUP - ENDED Q2 OF FISCAL 2018 WITH INVENTORY OF $600 MILLION, DOWN 11PCT FROM $676 MILLION AT END OF YEAR-AGO PERIOD
* SEES COMPARABLE SALES IN RANGE OF DOWN 3PCT TO DOWN 5PCT FOR Q3
* FOR THREE MONTHS ENDED JANUARY 27, 2018, RECORDED TAX BENEFIT OF $22 MILLION ON PRE-TAX LOSS OF $61 MILLION Source text for Eikon: Further company coverage:
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