Content about Ascena Retail Group Inc.

June 6, 2013
Ascena Retail Group Q3 profit down 37% amid charges

Ascena Retail Group Inc. reported its fiscal third-quarter net income dropped nearly 37% amid costs related to its acquisition of Charming Shoppes and a charge tied to debt extinguishment.

Suffern, N.Y. -- Ascena Retail Group Inc. reported its fiscal third-quarter net income dropped nearly 37% amid costs related to its acquisition of Charming Shoppes and a charge tied to debt extinguishment. The chain also lowered its full-year earnings forecast.

Net income slipped to $31.2 million for the quarter that ended April 27, from $49.4 million in the same quarter a year ago.

Revenue rose nearly 46% to $1.14 billion, boosted by the company’s acquisitions of the Lane Bryant and Catherines chains. Same-store sales fell 4%.

September 27, 2012
Ascena plots expansion in Indiana

Ascena Retail Group Inc. said it is planning a $34 million expansion that will add new equipment, systems and about 40,000 sq. ft. of space to its Greencastle, Ind., distribution facility.

Suffern, N.Y. -- Ascena Retail Group Inc. said Thursday it is planning a $34 million expansion that will add new equipment, systems and about 40,000 sq. ft. of space to its Greencastle, Ind., distribution facility.

The apparel retailer said that the objective is to turn its Greencastle facility into a primary e-commerce distribution site. The facility is located about 40 miles west of Indianapolis and was part of Ascena’s acquisition of Charming Shoppes Inc.

June 13, 2012
Ascena completes Charming Shoppes tender offer

Ascena Retail Group Inc. announced it has successfully completed its tender offer for Charming Shoppes Inc.'s outstanding shares.

Suffern, N.Y. -- Ascena Retail Group Inc. announced it has successfully completed its tender offer for Charming Shoppes Inc.'s outstanding shares.

Ascena announced in May it that was buying Charming Shoppes, whose banners include Lane Bryant, Fashion Bug,  and Catherines Plus Sizes, for about $890 million.

Charming Shoppes will become an Ascena subsidiary and will stop trading on the Nasdaq and Chicago Stock Exchange once the transaction is complete. Ascena’s retail subsidiaries include Dressbarn, Maurices and Justice.

May 4, 2012
Dressbarn launches social media campaign for Mother’s Day

Dressbarn, a subsidiary of Ascena Retail Group Inc., has launched a social and interactive campaign, called Share Your (MOM)ent, for Mother's Day.

New York -- Dressbarn, a subsidiary of Ascena Retail Group Inc., has launched a social and interactive campaign, called Share Your (MOM)ent, for Mother's Day. The campaign's integrated web and mobile site was designed and developed by Manhattan-based agency Conversation.

The campaign encourages consumers to upload a photo, video or written memory of anyone who has ever given them a warm and fuzzy mom-like feeling, and to share it with others via social networks and a customizable e-card.

May 26, 2011
Ascena Retail Group Q3 profit up 8%

Ascena Retail Group Inc. said Wednesday that its fiscal third-quarter profit rose 8% on increased sales at its Dressbarn, Maurices and Justice clothing stores.

Suffern, N.Y. — Ascena Retail Group Inc. said Wednesday that its fiscal third-quarter profit rose 8% on increased sales at its Dressbarn, Maurices and Justice clothing stores.

The retailer, formerly known as The Dress Barn Inc., reported net income of $51.8 million for the three months ended April 30, up from $48 million in the year-ago period.

Revenue rose 9% to $722.8 million from $665.5 million in the same quarter a year ago. Dressbarn revenue rose 5% in the quarter, and Maurices revenue jumped 17%. Justice sales rose 6%.

January 3, 2011
Dress Barn changes its name to Ascena Retail Group

Dress Barn on Monday announced it has been renamed Ascena Retail Group Inc. and will trade on the Nasdaq Global Select Market under the ticker ASNA.

New York City -- Dress Barn on Monday announced it has been renamed Ascena Retail Group Inc. and will trade on the Nasdaq Global Select Market under the ticker ASNA.

The company said it had reorganized under the new holding company, but was not making changes to operations, directors or officers. The names of its three specialty chains -- Dressbarn, Maurices and Justice, also are unchanged.