Ascena 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 ArticleLane Bryant Unveils New Branding, Marketing Effort
Columbus, OH—Lane Bryant has a new owner, Ascena Retail Group. But that’s not all that’s new at the 687-unit specialty store that caters to plus-size women. Next month, Lane Bryant is rolling out its...
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 ArticleExecutive Changes at Coach, Juicy Couture, Lane Bryant
Coach Names Victor Luis as Next CEO New York—Coach Inc. today revealed it has named Victor Luis to succeed Lew Frankfort, chairman/ceo, who will step down in January 2014. Under the plan, Luis was...
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 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 ArticleLane Bryant to Host “Chalk it Up to Style” Event for Teachers
New York—Lane Bryant, one of the nation’s leading women’s curvy fashion retailers, and Cacique, Lane Bryant’s exclusive intimate apparel line, are providing a special thank you to teachers around the...
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 Q3 Profit Beats Estimates, Sales Edge Up
Suffern, NY—Ascena Retail Group Inc. late Tuesday reported its third quarter profit rose, beating estimates as sales edged upward. For the quarter ended April 26, Ascena posted net profit of $33.2...
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 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,...
View ArticleLane Bryant Taps Christian Siriano for Exclusive Collection
New York– Lane Bryant announced Wednesday that renowned designer Christian Siriano will be creating a limited-edition line exclusively for the specialty-sized retailer. The collection is set to hit...
View ArticleAscena Q4 Results Just Edge Past Forecast
Mahwah, NJ–Ascena Retail Group Inc., which recently bought Ann Inc., swung into a fourth quarter loss due to a write-down on Lane Bryant and falling sales at Justice stores. For the three months ended...
View ArticleAscena Beats on Q1 Earnings, Sales Up 40%
Mahwah, NJ—Ascena Retail Group reported Tuesday adjusted earnings that beat analysts’ forecast, sending the specialty retail group’s share up as much as 9% in after hours trading. For the three months...
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