ascena retail group to host Q1 2018 financial results conference call on Monday, December 4, 2017

MAHWAH, N.J., 2017-Nov-29 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ – ASNA) (the “Company” or “ascena”) today (-Nov. 27, 2017) announces the release of its Fiscal 2018 first quarter financial results will take place on Monday, December 4, 2017. Results will be released over Business Wire at approximately 4:00 PM Eastern Time. The Company will also host a conference call at 4:30 PM Eastern Time to review its results, which will include comments by David Jaffe, Chairman and CEO, Robb Giammatteo, Executive Vice President and CFO, Brian Lynch, President and COO and Gary Muto, President and CEO ascena Brands, followed by a question and answer session.

Parties interested in participating in this call should dial in at (877) 930-8316 for domestic calls or (253) 336-8869 for international calls prior to the start time. The conference ID is 4079637. The call will also be simultaneously broadcast at www.ascenaretail.com. A recording of the call will be available shortly after its conclusion and until December 11, 2017 by dialing (855) 859-2056 for domestic calls or (404) 537-3406 for international calls. The replay ID is 4079637.

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 and Catherines), 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.

For investors:
ICR, Inc.
James Palczynski, Partner
(203) 682-8229
jp@icrinc.com

For media:
ascena retail group, inc.
Sue Ross, Corporate Affairs
(218) 491-2110
sue.ross@ascenaretail.com

Source: ascena retail group, inc.

ascena retail group to release Q4 2017 financial results on Monday, September 25, 2017

MAHWAH, N.J., 2017-Sep-22 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ:ASNA) (the “Company” or “ascena”) today (Sep. 20, 2017) announces the release of its Fiscal 2017 fourth quarter financial results will take place on Monday, September 25, 2017. Results will be released over Business Wire at approximately 4:00 PM Eastern Time. The Company will also host a conference call at 4:30 PM Eastern Time to review its results, which will include comments by David Jaffe, Chairman and CEO, Robb Giammatteo, Executive Vice President and CFO, Brian Lynch, President and COO and Gary Muto, President and CEO ascena Brands, followed by a question and answer session.

Parties interested in participating in this call should dial in at (877) 930-8316 for domestic calls or (253) 336-8869 for international calls prior to the start time. The conference ID is 82349149. The call will also be simultaneously broadcast at www.ascenaretail.com. A recording of the call will be available shortly after its conclusion and until October 2, 2017 by dialing (855) 859-2056 for domestic calls or (404) 537-3406 for international calls. The replay ID is 82349149.

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 and Catherines), 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.

For investors:
ICR, Inc.
James Palczynski
Partner
203-682-8229
jp@icrinc.com

For media:
ascena retail group, inc.
Sue Ross
Corporate Affairs
218-491-2110
sue.ross@ascenaretail.com

Source: ascena retail group, inc.

ascena retail group announces new executive management structure

MAHWAH, N.J., 2017-Aug-02 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ:ASNA) (the “Company” or “ascena”) announced today (Aug. 1, 2017) that it has consolidated its executive leadership structure as part of its efforts to reinvigorate top-line growth, enhance its culture of performance and accountability, and sharpen its focus on the creation of sustainable shareholder value.

Effective today, Gary Muto has been appointed to the newly created position of President and CEO of ascena Brands, with responsibility for reinvigorating and driving top-line growth across ascena’s full brand portfolio. Mr. Muto will continue to lead the Company’s Premium Fashion segment, and will now also provide strategic direction and leadership for the Company’s Plus, Value and Kids Fashion segments. Mr. Muto’s new role complements the enterprise platform support responsibilities held by Brian Lynch, who has been elevated to President and Chief Operating Officer of ascena retail group. Mr. Lynch will continue to have responsibility for the Company’s operating platform and infrastructure, and will remain focused on the development and delivery of top-tier enterprise capabilities in supply chain, technology, product sourcing, real estate, and non-merchandise procurement in support of the Company’s brand portfolio. Both Mr. Muto and Mr. Lynch will continue to report to David Jaffe, Chairman and Chief Executive Officer of ascena retail group.

David Jaffe commented, “To date, our Change for Growth transformation program has focused on the ‘change’ piece – a complete organizational reset with an emphasis on efficiency that we expect to deliver $250 to $300 million in cost savings through fiscal 2019. We are confident we will meet or exceed this cost takeout target, and are now turning to the ‘growth’ piece of our transformation.”

Jaffe continued, “Our new executive management structure will enable faster decision making, accelerate implementation of company-wide initiatives, and foster greater accountability. Our segment teams will benefit from Gary’s deep knowledge of fashion merchandising, customer experience, and brand management as they work to reinvigorate and drive growth at our brands. And the continued maturity of our shared services platform under Brian’s leadership will enable our brands to meet evolving customer expectations and drive enterprise value.”

Jaffe concluded, “We have recently completed an extensive evaluation of strategic opportunities that complement our core business, and leverage our brand and platform assets. The new management structure we are announcing today will allow me to increasingly focus my efforts on strategic growth initiatives. We have begun a search for a new senior executive who will be responsible for developing strategic opportunities, and all related business development activity will report directly to me. Initial implementation of these opportunities will be supported by our existing cost structure and shared services platform, and we look forward to sharing initiative detail as we achieve key milestones. Today’s changes reaffirm our commitment to deliver value to our shareholders by transforming ascena into an agile competitor – one that is well positioned to respond to rapidly evolving consumer expectations through the power of our brand portfolio and our leading platform capabilities.”

About ascena retail group, inc.

ascena retail group, inc. (NASDAQ:ASNA) is a leading specialty retailer offering apparel, shoes and accessories for women through our Premium Fashion Segment (Ann Taylor, LOFT and Lou & Grey), the Value Fashion Segment (dressbarn and maurices), the Plus Fashion Segment (Lane Bryant and Catherines), and for tween girls under the Kids Fashion Segment (Justice). ascena retail group, inc. operates e-commerce 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, cacique.com, Catherines.com, and shopjustice.com.

For Investors:
ICR, Inc.
James Palczynski
203-682-8229
Partner
jp@ircinc.com

For Media:
ascena retail group, inc.
Sue Ross
218-491-2110
Corporate Affairs
sue.ross@ascenaretail.com

Source: ascena retail group, inc.

ascena retail group to host Investor Day on January 18, 2017

MAHWAH, N.J., 2017-Jan-10 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ – ASNA) today (Jan. 6, 2017) announced that it will be hosting an Investor Day on January 18, 2017 in New York City. The presentations will begin at 8:30 a.m. ET. Presenters will include David Jaffe, President and CEO, Brian Lynch, COO, Robb Giammatteo, EVP and CFO, as well as leaders of the Premium Fashion, Value Fashion, Plus Fashion and the Kids Fashion segments. The presentations will be followed by a question and answer session.

As seating at the event is limited, presentations will be webcast simultaneously and available live to investors and the media on ascena retail group, inc.’s website, www.ascenaretail.com. A replay of the webcast will also be available following the completion of the event on the Company’s website.

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 and Catherines), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,900 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, cacique.com, Catherines.com, and shopjustice.com.

Contact:
For investors:
ascena retail group, inc.
Stacy Turnof
(551) 777-6928
Vice President of Investor Relations
stacy.turnof@ascenaretail.com

ICR, Inc.
James Palczynski
Partner
203-682-8229
jp@icrinc.com

For media:
ascena retail group, inc.
Sue Ross
(218) 491-2110
Executive Vice President, ascena Corporate Affairs
sue.ross@ascenaretail.com

Source: ascena retail group, inc.

ascena retail group, inc. implements major enterprise transformation plan and announces new Change for Growth program

MAHWAH, N.J., 2016-Oct-06 — /EPR Retail News/ — After more than six months of extensive planning, ascena retail group, inc. (NASDAQ:ASNA) (the “Company”) today (Oct. 4, 2016) begins the execution phase of its major enterprise transformation plan. In addition to the ongoing implementation of its $235 million cost-savings initiative associated with its integration of ANN INC., the Company expects its new Change for Growth program will deliver an incremental $100 – $150 million of cost savings by fiscal 2019. The Change for Growth program will refine ascena’s operating model to increase its focus on key customer segments, improve its time-to-market, reduce working capital, and enhance its ability to serve its customer on any purchasing platform, all while better leveraging the Company’s powerful shared services platform.

The Company is making significant organizational changes as part of its accelerated execution plan, and has restructured its business into four operating segments. Reporting of future results will be based on this new segment structure:

  • Premium Fashion – Ann Taylor, LOFT, and Lou & Grey
  • Plus Fashion – Lane Bryant and Catherines
  • Value Fashion – maurices and dressbarn
  • Kids Fashion – Justice

The Company also announced the creation of its new ascena Brand Services (aBS) team, which will assume the responsibilities for its existing centralized Shared Services Group functions, including supply chain, logistics, sourcing, and IT, as well as additional brand support functions to be developed through its Change for Growth program.

David Jaffe, President and CEO of ascena retail group commented, “Our leadership team has maintained its focus on long-term value creation for our shareholders by ensuring ascena has a strong combination of attractive brands and leading supply chain capabilities. After more than six months of intense development work, today we begin our comprehensive Change for Growth program to ensure that the Company is effectively positioned to compete in a rapidly and profoundly changing retail and consumer environment. Over the past few years we have made substantial investments in our brand portfolio, supply chain and logistics capabilities, and shared service platform, and we believe we are well positioned to leverage these investments to deliver value for our customers and shareholders.

We are ahead of plan with the synergy and cost savings workstreams that will deliver $235 million of cost savings associated with our integration of ANN INC., and the time is right for us to explore additional opportunities to fully exploit the advantages we’ve developed with our comprehensive shared services platform. Our Change for Growth program is designed to ensure ascena is lean, agile and playing to win. Through this transformation work, we expect to deliver incremental cost savings of $100 to $150 million by fiscal 2019. We will continue to work aggressively on customer-facing capability and operating efficiencies to drive benefits on both the margin and cost side of our financials, and we believe there is additional opportunity beyond what we have highlighted today as we continue our transformation work with Accenture.”

Jaffe concluded, “We would like to discuss the Change for Growth program in the depth our investors have come to expect, and given the acceleration and the major scope of this overall program, we have decided to postpone our Investor Day until January 18, 2017.”

The Company is pleased to announce that Brian Lynch, most recently President and CEO of the Company’s Justice brand, will assume direct responsibility for ascena Brand Services in his new role as ascena’s Chief Operating Officer. Mr. Lynch commented, “I’m excited to take on this broader role. I believe applying the customer lens I use as a brand leader to my new role will enable strong partnerships between our shared operational functions and our brand segment leaders. It is this aligned partnership that will help us better develop and deliver new capabilities to serve our customers.” David Jaffe added, “I am very excited to have Brian step into the role as ascena’s Chief Operating Officer. He is uniquely qualified for this role, having prior President and COO experience, and senior roles in ecom operations, retail operations, and field leadership across leading companies including The Walt Disney Company, Gap Inc., and most recently, ANN INC.”

Gary Muto, President and CEO of the Company’s ANN brands, will retain responsibility for the Ann Taylor, LOFT, and Lou & Grey brands, which now comprise the Company’s Premium Fashion segment. Linda Heasley, most recently President and CEO of Lane Bryant, has been appointed President and CEO of the Company’s Plus Fashion segment. George Goldfarb, most recently President and CEO of maurices has been appointed President and CEO of the Company’s Value Fashion segment. Lece Lohr, most recently head of merchandising at Justice succeeds Mr. Lynch as the new President of the Company’s Kids Segment.

The aforementioned restructuring has been accompanied by a number of executive departures to eliminate organizational overlap, which will result in a pre-tax charge of approximately $10 to $12 million in the first quarter. These changes were not included in the Company’s guidance, but the Company expects to recover the majority of this charge in the form of reduced operational expenses over the course of fiscal 2017. Additional charges are expected in the future related to ongoing transformation work.

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 Ann Taylor, LOFT, Lou & Grey, Lane Bryant, maurices, dressbarn and Catherines brands, and for tween girls under the Justice brand. ascena retail group, inc. operates ecommerce websites and approximately 4,900 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, lanebryant.com, cacique.com, maurices.com, dressbarn.com, Catherines.com, and shopjustice.com.

Forward-Looking Statements

Certain statements made within this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. The Company does not undertake to publicly update or review its forward-looking statements even if experience or future changes make it clear that our projected results expressed or implied will not be achieved. Detailed information concerning a number of factors that could cause actual results to differ materially from the information contained herein is readily available in the Company’s most recent Annual Report on Form 10-K.

For investors:
ascena retail group, inc.
Stacy Turnof
551-777-6928
Vice President of Investor Relations
stacy.turnof@ascenaretail.com

ICR, Inc.
James Palczynski
203-682-8229
Partner
jp@icrinc.com

For media:
ascena retail group, inc.
Sue Ross
218-491-2110
Executive Vice President, ascena Corporate Affairs Communications Officer
sue.ross@ascenaretail.com

Source: ascena retail group, inc.