Content about Ascena Retail Group

March 25, 2013
Ascena names chief merchant for Maurices

Ascena Retail Group, parent to the Lane Bryant, Maurices and Dressbarn banners among others, said Monday it has named Erin Stern EVP and chief merchandising officer of its Maurices brand, effective April 15.

Suffern, N.Y. -- Ascena Retail Group, parent to the Lane Bryant, Maurices and Dressbarn banners among others, said Monday it has named Erin Stern EVP and chief merchandising officer of its Maurices brand, effective April 15.

Stern spent the majority of her career at Gap in the Old Navy division, and also served as chief merchant for Juicy Couture and president of Bebe Sport.

 

March 4, 2013
Ascena profit drops in Q2; to open net 60 stores

Ascena Retail Group reported that adjusted net income for the quarter ended Jan. 26 dropped to $42.9 million, compared with $63.7 million in the year-ago period, due in large part to expenses associated with the company’s acquisition of Charming Shoppes.

Suffern, N.Y. -- Ascena Retail Group reported Monday that adjusted net income for the quarter ended Jan. 26 dropped to $42.9 million, compared with $63.7 million in the year-ago period, due in large part to expenses associated with the company’s acquisition of Charming Shoppes.

Sales soared 44% to $1.2 billion from $862 million, driven by the added Lane Bryant and Catherine’s banners. Same-store sales dipped 1%.

February 15, 2013
Ascena Retail names president of global sourcing

Ascena Retail Group announced it has named Ronnie Robinson to the position of president of Ascena Global Sourcing (AGS).

Suffern, N.Y. -- Ascena Retail Group announced it has named Ronnie Robinson to the position of president of Ascena Global Sourcing (AGS).

David Jaffe, president and CEO of the Ascena Retail Group, commented: “Leveraging our sourcing capability across all our brands is an important strategic initiative for Ascena. Ronnie’s experience and accomplishments make him the ideal candidate to lead this effort.”

February 14, 2013
Limited CEO named CEO of Lane Bryant

Ascena Retail Group announced that Linda Heasley has accepted the position of president and CEO of Lane Bryant effective Feb. 18.

Suffern, N.Y. -- Ascena Retail Group announced that Linda Heasley has accepted the position of president and CEO of Lane Bryant effective Feb. 18. Heasley joins Lane Bryant division after six years as president and CEO of The Limited. (The Limited has announced a search for a new chief executive.)

December 18, 2012
Ascena Retail Group announces DC expansion

Ascena Retail Group, which operates the Maurices and dressbarn banners, said it will launch a 760,000-sq.-ft. distribution center expansion in central Ohio.

Suffern, N.Y. -- Ascena Retail Group, which operates the Maurices and dressbarn banners, said Tuesday it will launch a 760,000-sq.-ft. distribution center expansion in central Ohio.

Upon completion, the new facility will distribute apparel and accessories for its lineup of brands, which also includes Justice & Brothers, Lane Bryant and Catherines.

November 12, 2012
Ascena Retail Group selects TradeStone PLM

TradeSone Software, provider of merchandise lifecycle management (MLM) solutions that unify the design, sourcing, ordering and delivery of retail goods, announced that Ascena Retail Group has gone live with TradeStone’s PLM for Retail and Collaborative Sourcing in 18 weeks at its subsidiary, Tween Brands, which encompasses both the Justice and Brothers retail banners.

Gloucester -- TradeSone Software, provider of merchandise lifecycle management (MLM) solutions that unify the design, sourcing, ordering and delivery of retail goods, announced that Ascena Retail Group has gone live with TradeStone’s PLM for Retail and  Collaborative Sourcing in 18 weeks at its subsidiary, Tween Brands, which encompasses both the Justice and Brothers retail banners.

July 5, 2012
Ascena CEO: Plan in place to save 7,500 Fashion Bug jobs, 600 Charming HQ jobs

Ascena Retail Group CEO David Jaffe has pledged to preserve the jobs of 7,500 employees at soon-to-be-shuttered Fashion Bug stores, as well as 600 workers at the headquarters of Charming Shoppes, according to an article in the Philadelphia Inquirer.

Philadelphia -- Ascena Retail Group CEO David Jaffe has pledged to preserve the jobs of 7,500 employees at soon-to-be-shuttered Fashion Bug stores, as well as 600 workers at the headquarters of Charming Shoppes, according to an article in the Philadelphia Inquirer.

Ascena, which owns the Dressbarn, Justice and Maurices banners, acquired Charming Shoppes – and its Lane Bryant, Fashion Bug and Catherines brands – on June 15.

June 15, 2012
Ascena Retail completes purchase of Charming Shoppes; to shutter Fashion Bug

Ascena Retail Group said that it has completed its acquisition of Charming Shoppes.

Suffern, N.Y. -- Ascena Retail Group on Friday said that it has completed its acquisition of Charming Shoppes. The company also announced that it plans to cease operating and close down Charming Shoppes’ Fashion Bug business by early 2013, and is exploring a potential sale of Charming Shoppes’ Figi’s business, which markets food and specialty gift products.

In 2011, Charming Shoppes closed 124 Fashion Bug stores. The chain had previously announced its intention to continue to close certain Fashion Bug stores.

May 23, 2012
Ascenta Retail Group uses Esri GIS analysis tools

Ascena Retail Group, whose brands include Dressbarn, Maurices, and Justice, is integrating Esri GIS analysis tools, demographic data, and map visualization into its business processes.

Redlands, Calif. -- Ascena Retail Group, whose brands include Dressbarn, Maurices, and Justice, is integrating Esri GIS analysis tools, demographic data, and map visualization into its business processes.

March 2, 2012
Ascena Retail Group Q2 profit up 50%; opening 125 stores in fiscal 2012

Ascenta Retail Group Inc., whose brands include Dressbarn, Maurices, and Justice, said its fiscal second-quarter profit rose 50% on higher sales.

Suffern, N.Y. -- Ascenta Retail Group Inc., whose brands include Dressbarn, Maurices, and Justice, said its fiscal second-quarter profit rose 50% on higher sales. The company raised its earnings forecast for the current fiscal year.

Ascena said that during the quarter ended Jan. 28 it earned $63.7 million, compared with $42.5 million in the same period a year before.

Revenue during the quarter rose 15% to $862 million. E-commerce sales jumped 61% to $52 million in the quarter.

December 8, 2011
Brand presidents named for Dressbarn and Maurices

Ascena Retail Group said Thursday it has appointed Jeff Gerstel as president of Dressbarn, and named George Goldfarb as president of its Maurices brand, both effective immediately.

Suffern, N.Y. -- Ascena Retail Group said Thursday it has appointed Jeff Gerstel as president of Dressbarn, and named George Goldfarb as president of its Maurices brand, both effective immediately.

The new executives will report to David Jaffe, president and CEO of Ascena Retail Group.

Gerstel joined Dressbarn in 2006 as senior VP operations and most recently served as executive VP and COO.

Goldfarb joined Maurices in 1985, was named CFO in 2003, and most recently was its executive VP and COO.

November 7, 2011
Ascena appoints executive VP and COO

Ascena Retail Group announced that John Sullivan has been appointed executive VP and COO.

Suffern, N.Y. -- Ascena Retail Group announced that John Sullivan has been appointed executive VP and COO.

In this newly created position, Sullivan will be responsible for information technology, distribution, and human resources information systems across all brands. Prior to joining the company, he served as executive VP and CIO for QVC.
 

September 15, 2011
Ascena Retail Q4 profit drops on charge, to open 125 to 135 stores

Ascena Retail Group, owner of the Dressbarn, Maurices and Justice chains, reported Wednesday that net income for the quarter ended July 30 fell to $28.2 million, from $42 million in the year-ago period on one-time charges and a shorter quarter for the performance slide.

Suffern, N.Y. -- Ascena Retail Group, owner of the Dressbarn, Maurices and Justice chains, reported Wednesday that net income for the quarter ended July 30 fell to $28.2 million, from $42 million in the year-ago period on one-time charges and a shorter quarter for the performance slide.

April 4, 2011
Ascena appoints senior VP

Ascena Retail Group said that Jay S. Levine has been appointed senior VP, chief accounting officer and corporate controller of Ascena Retail Group with responsibilities for SEC reporting, financial planning and analysis, internal controls and corporate taxes.

Suffern, N.Y. -- Ascena Retail Group said that Jay S. Levine has been appointed senior VP, chief accounting officer and corporate controller of Ascena Retail Group with responsibilities for SEC reporting, financial planning and analysis, internal controls and corporate taxes.

Ascena operates 2,478 stores under its, Dressbarn, Maurices and Justice banners.

March 7, 2011
Ascena Retail Group names HR head for Dressbarn

Dressbarn parent Ascena Retail Group announced Monday it has named John Pershing as senior VP human resources over Dressbarn, with additional responsibilities for Ascena Retail Group’s compensation, benefits and human resources information system.

Suffern, N.Y. -- Dressbarn parent Ascena Retail Group announced Monday it has named John Pershing as senior VP human resources over Dressbarn, with additional responsibilities for Ascena Retail Group’s compensation, benefits and human resources information system.

Pershing will report to Jeff Gerstel, executive VP and COO, effective immediately. Pershing succeeds David Montieth, who announced his retirement after 20 years with the company.

March 2, 2011
Ascena Retail Group’s Q2 income nearly doubles

Ascena Retail Group's fiscal second-quarter net income nearly doubled to top expectations, buoyed by solid results at its Justice stores.

Suffern, N.Y. -- Ascena Retail Group's fiscal second-quarter net income nearly doubled to top expectations, buoyed by solid results at its Justice stores.

The company, formerly The Dress Barn, reported net income of $42.5 million for the quarter, up from $21.7 million last year.

Revenue for the period ended Jan. 29 was up 27% to $752.2 million, better than the Street's $716.2 million estimate. Same-sale sales rose 9%.

January 7, 2011
Ascena Retail Group to roll out Oracle E-Business solution

Ascena, parent company of Dress Barn, Maurices and Justice, said Friday that it has selected Oracle E-Business Suite Financials to streamline financial operations across the company’s growing retail operations.

Redwood Shores, Calif. -- Ascena, parent company of Dress Barn, Maurices and Justice, said Friday that it has selected Oracle E-Business Suite Financials to streamline financial operations across the company’s growing retail operations.