ascena retail group promotes Erin Stern to President of dressbarn

MAHWAH, N.J., 2018-Jan-30 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ:ASNA), announced today (Jan. 29, 2018) 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.

For investors:
ICR, Inc.
James Palczynski
203-682-8229
Partner
JP@icrinc.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 names Eric Hunter as President, Plus Fashion segment including Lane Bryant, Catherines and Cacique brands

MAHWAH, N.J., 2018-Jan-12 — /EPR Retail News/ — 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.

Source: ascena retail group, inc.

For investors:
ICR, Inc.
James Palczynski, 203-682-8229
Partner
JP@icrinc.com
or
For media:
ascena retail group, inc.
Sue Ross, 218-491-2110
Corporate Affairs
sue.ross@ascenaretail.com

ascena retail group earns top score of 100% on the Human Rights Campaign Foundation’s 2018 Corporate Equality Index

Company has long history of support for the LGBTQ community — having hosted special shopping events for the transgender community as early as 1965

MAHWAH, N.J., 2017-Dec-12 — /EPR Retail News/ — ascena retail group, inc. announced that it received the top score of 100% on the Human Rights Campaign Foundation’s 2018 Corporate Equality Index. The CEI is the national benchmarking tool on corporate policies and practices related to lesbian, gay, bisexual, transgender and queer (LGBTQ) workplace equality.

The leading women’s specialty retailer, participating for the first time, is among a record-breaking 609 employers that achieved the top score this year, along with the distinction of “Best Places to Work for LGBTQ Equality.”

The CEI rating criteria includes non-discrimination policies, equitable benefits for LGBTQ workers and their families, internal education and accountability metrics to promote LGBTQ inclusion competency, and public commitment to LGBTQ equality.

ascena’s long-standing commitment to diversity and inclusion is felt at all levels of the organization. David Jaffe, Chairman and CEO of ascena, reflects on the early inclusion that his mother, Roslyn Jaffe, founder of dressbarn, exhibited when she hosted after-hours shopping events for the transgender community.

“My mother, or ‘Mrs. J’ as our associates affectionately refer to her, was a pioneer on many levels. She knew back in the 1960s that diversity and inclusion were good for business,” said Jaffe. “I’m proud that ascena is being recognized by HRC for a culture that was established decades ago and is nurtured today. The rich diversity of our 64,000 associates makes us stronger together as we deliver best-in-class fashion and experience to all women and girls.”

Jaffe acknowledged, “As yesterday marked the anniversary of the United Nations Universal Declaration of Human Rights, it makes this recognition that much more significant.”

Jaffe’s leadership team owns the culture and ascena’s results in the marketplace and workplace. “Earning the HRC distinction of being a ‘Best Places to Work for LGBTQ Equality’ reflects the commitment we’ve made as a company and to diversity and inclusion as a whole,” said Executive Vice President and Chief Human Resources Officer John Pershing, who also serves as executive sponsor of ascenaPRIDE, the Company’s associate resource group for LGBTQ associates and their allies.

The focus of the Human Rights Campaign (HRC) aligns with ascena’s commitment to corporate social responsibility and diversity and inclusion. Earlier this year, ascena was among 104 top businesses that sponsored the HRC’s Business Coalition for the Equality Act, landmark federal legislation that affirms the same non-discrimination protections to LGBTQ people as other protected groups under federal law.

For more information about the 2018 Corporate Equality Index, visit www.hrc.org/cei.

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.

About the Human Rights Campaign Foundation
The Human Rights Campaign Foundation is the educational arm of America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual transgender and queer people. HRC envisions a world where LGBTQ people are embraced as full members of society at home, at work and in every community.

Media Contact:
Sue Ross
ascena Corporate Affairs
218-491-2110
sue.ross@ascenaretail.com

SOURCE: ascena retail group, inc.

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 honored by the Women’s Forum of New York for achieving at least 25 percent female representation on its board

With 50% percent female board representation, ascena was recognized for its strides towards gender parity in the boardroom

MAHWAH, N.J., 2017-Nov-16 — /EPR Retail News/ — Today (Nov. 14, 2017), ascena and David Jaffe, Chairman and CEO, were honored by the Women’s Forum of New York at the fourth biennial Breakfast of Corporate Champions for achieving at least 25 percent female representation on their board. The company, which has a representation of 50% percent women on their board, was applauded as a corporate game changer who is making special efforts to advance women in the boardroom.

“Diversity makes us stronger,” said David Jaffe, Chairman and CEO. “Our mission revolves around serving and inspiring women. Diversity on our Board, as well as across the company, leads to more innovation and ideas. It’s not only the right thing to do, it’s the smart choice.”

“We congratulate ascena and their work towards achieving a greater gender balance in their boardroom,” said Janice Reals Ellig, CEO, The Ellig Group and Chair of the event. “ascena knows that more women on boards is smart business and their continued success is an inspiration to others.”

The event brought together an audience of over 600, including CEOs and Board Directors along with business leaders, government officials, thought leaders and influential media in special recognition of forward-thinking companies.

This year’s Breakfast of Corporate Champions kicked off with a call to action from tennis legend Billie Jean King, who founded the Billie Jean King Leadership Initiative with Teneo four years ago, to foster more inclusive leadership including more representation of women and diversity in corporate America. The highest honor, the Muriel F. Siebert Leadership Award, will be presented to Mary Barra, CEO of General Motors for under her leadership, the company became the first major industrial corporation to achieve gender parity on its board.

For more information on about ascena please visit https://www.ascena.com or to learn more about the Women’s Forum of New York and the Women’s Forum CEO-Sponsored Database, please visit https://www.womensforumny.org/.

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.

About the Women’s Forum of New York

The Women’s Forum of New York is the city’s premier organization of women leaders. The invitation-only membership of more than 500 women, representing the highest levels of achievement across all professional sectors from finance to fine arts, is dedicated to the advancement of women’s leadership through programs which enrich members lives personally and professionally, through The Education Fund which enables talented women whose potential has been disrupted by extreme adversity to resume their education, and through the Corporate Board Initiative, which extends and expands the contribution of women leaders through corporate board participation. Founded in 1974, the Women’s Forum of New York is the flagship of the International Women’s Forum, a global organization of over 6500 outstanding women leaders in over 74 Forums around the world.

For investors:
ICR, Inc.
James Palczynski
203-682-8229
Partner
jp@icrinc.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 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 appoints Marc Lasry and Stacey Rauch as members of its Board of Directors

MAHWAH, N.J., 2017-Jun-09 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ:ASNA), today (Jun. 8, 2017) announced that, after an extensive search, Marc Lasry and Stacey Rauch have been appointed as members of ascena’s Board of Directors, effective immediately.

MARC LASRY re-joins the Board, having previously served as a member of the Board from February 2004 until October 2006. Since 1995, Mr. Lasry has served as Chairman, Chief Executive Officer and Co-Founder of Avenue Capital Group, a global investment firm that focuses on private and public debt, equity and real estate markets in the U.S., Europe and Asia. Mr. Lasry is currently a member of the Council on Foreign Relations and has served on the boards of advisors or directors of both for-profit and not-for-profit public and private companies.

“Mr. Lasry brings a macro perspective of the business environment and tremendous depth and experience with capital allocation strategies. Marc’s insight, enhanced by his prior experience with the company, will undoubtedly add significant value,” said Kate Buggeln who leads the board’s Leadership and Corporate Governance Committee.

STACEY RAUCH joins the Board with extensive experience in retail, strategy, marketing, merchandising, global expansion and multi-channel management. Ms. Rauch is a Director Emeritus of McKinsey and Company (“McKinsey”) where she was a leader in McKinsey’s Retail and Consumer Goods Practices, served as the head of the North American Retail and Apparel Practice, and acted as the Global Retail Practice Convener. A 24 year veteran of McKinsey, Ms. Rauch led engagements for a wide range of retailers, apparel wholesalers, and consumer goods manufacturers in the US and internationally. Ms. Rauch also has noteworthy board experience, including her former membership on the ANN INC. board and her current roles as non-executive Chairman of the board of directors of Fiesta Restaurant Group, Inc. and non-executive director of Land Securities, PLC, the UK’s largest commercial property company, where she sits on its Audit and Nomination Committees.

“We selected Ms. Rauch to serve as a director based on her extensive experience across business, strategy, marketing, merchandising and operations in the retail, consumer and apparel sectors. Stacey brings an invaluable strategic perspective of the changing consumer environment that we will leverage as ascena continues its evolution,” said Ms. Buggeln.

“Both Stacey and Marc bring tremendous experience to ascena,” said David Jaffe, Chairman, President and Chief Executive Officer of the ascena retail group. “Their collective expertise will be an excellent complement to our Board and we look forward to working with both of them as we continue to grow ascena in this highly competitive marketplace.”

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 over 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

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

Source: ascena retail group, inc.

ascena retail group, inc. to release its Fiscal 2017 2Q financial results on Monday, March 6, 2017

MAHWAH, N.J., 2017-Feb-22 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ – ASNA) today (Feb. 21, 2017) announces the release of its Fiscal 2017 second quarter financial results will take place on Monday, March 6, 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, President & CEO, and Robb Giammatteo, Executive Vice President & CFO, 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 70074738. 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 March 13, 2017 by dialing (855) 859-2056 for domestic calls or (404) 537-3406 for international calls. The replay ID is 70074738.

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:
Sue Ross
218-491-2110
Executive Vice President, ascena Corporate Affairs
sue.ross@ascenaretail.com

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

Source: ascena retail group, inc.

ascena retail group announces consolidated comparable sales over the Holiday period

MAHWAH, N.J., 2017-Jan-13 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ:ASNA) (the “Company”) today (Jan. 10, 2017) announced consolidated comparable sales decreased 3.1% over the Holiday period as follows:

Holiday 2016*
Segment Comparable Sales
Premium Fashion (4.1 %)
Ann Taylor (8.2 %)
LOFT (1.8 %)
Value Fashion (6.0 %)
maurices (7.1 %)
dressbarn (4.6 %)
Plus Fashion (3.7 %)
Lane Bryant (5.1 %)
Catherines 1.6 %
Kids Fashion 2.7 %
Total ascena (3.1 %)

* Saturday, November 19, 2016 through Monday January 2, 2017

For the combined November / December fiscal periods, consolidated comparable sales were down 4.4%.

Excluding restructuring, acquisition and integration related expenses, and non-cash ANN purchase accounting adjustments, the Company now expects non-GAAP EPS of $(0.11) to $(0.08) for the fiscal second quarter, ending January 28, 2017. Based on ongoing store traffic headwinds, the Company now expects full year fiscal 2017 non-GAAP EPS in the range of $0.37 to $0.42 for the 52-week period ending July 29, 2017.

David Jaffe, President and CEO, commented, “We were disappointed by our overall Holiday performance. Outside of discrete peaks during the holiday season, we experienced stronger than expected store traffic headwinds. As a result, we were forced into a more highly promotional stance in order to move through inventory in the face of softer overall consumer demand. At this juncture, we are positioning our full year outlook assuming that the trend we experienced through Holiday continues. We continue to aggressively work our Change for Growth enterprise transformation, and are focused on expense management opportunities to help us navigate the challenging environment.”

Non-GAAP Financial Results

As noted above, the Company has provided projected non-GAAP EPS, which are forward-looking non-GAAP financial measures. Non-GAAP EPS excludes costs that Management believes are not indicative of the Company’s underlying operating performance such as (i) acquisition and integration expenses, (ii) restructuring and other related charges incurred under the Company’s Change for Growth initiative, and (iii) non-cash charges associated with the purchase accounting adjustments of ANN’s assets and liabilities to fair market value, primarily reflecting inventory expense, depreciation and amortization expense, and lease-related adjustments.

Non-GAAP EPS is considered an important indicator of the Company’s operational performance as this measure eliminates amounts that do not reflect the fundamental performance of the Company’s businesses. Many investors also use a non-GAAP EPS measure as a common basis for comparing the performance of different companies. A general limitation of non-GAAP measures is that they are not prepared in accordance with U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies due to differences in methods of calculation and excluded items. Non-GAAP EPS should be considered in addition to, not as a substitute for, the Company’s Operating income (loss) and Net income (loss) per common share, as well as other measures of financial performance and liquidity reported in accordance with U.S. generally accepted accounting principles.

Additionally, a reconciliation of the projected non-GAAP EPS for Q2 and full year fiscal 2017, which are forward-looking non-GAAP financial measures, to the most directly comparable GAAP financial measures, is not provided because the Company is unable to provide such reconciliation without unreasonable effort. The inability to provide a reconciliation is due to the uncertainty and inherent difficulty predicting the occurrence, the financial impact and the periods in which the non-GAAP adjustments may be recognized. These GAAP measures may include the impact of such items as restructuring charges, acquisition and integration related expenses, asset impairments and the tax effect of all such items. As previously stated, the Company has historically excluded these items from non-GAAP financial measures. The Company currently expects to continue to exclude these items in future disclosures of non-GAAP financial measures and may also exclude other items that may arise (collectively, “non-GAAP adjustments”). The decisions and events that typically lead to the recognition of non-GAAP adjustments, such as actions under the Company’s Change for Growth program, or acquisition and integration expenses, are inherently unpredictable as to if or when they may occur. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.

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.

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.

For Investors:
ascena retail group, inc.
Stacy Turnof
551-777-6895
VP, Investor Relations
Investor.Relations@ascenaretail.com

ICR, Inc.
James Palczynski
203-682-8229
Partner

For Media:
ascena retail group, inc.
Sue Ross
218-491-2110
EVP, 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 Q1: our efforts delivered first quarter non-GAAP earnings in the middle of our guidance range

  • First Quarter GAAP EPS of $0.07, Comparable Sales Down 5%
  • First Quarter Non-GAAP EPS of $0.18

MAHWAH, N.J, 2016-Dec-05 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ – ASNA) (the “Company”) today (Dec. 1, 2016) reported GAAP earnings for its fiscal first quarter ended October 29, 2016 of $0.07 per diluted share compared to a net loss of $0.10 per diluted share in the year-ago period.

Current and prior year first quarter results include certain acquisition and integration costs, as well as non-cash purchase accounting adjustments associated with the acquisition of ANN INC. (“ANN”), which was completed on August 22, 2015. In addition, the first quarter of Fiscal 2017 includes restructuring charges incurred under the Company’s Change for Growth program. A summary of year-over-year changes in restructuring and acquisition and integration expenses is presented in the notes to the unaudited condensed consolidated financial information, included herein. Finally, the prior year quarter includes the results of ANN, which comprises the Company’s Premium Fashion segment, only for the post-acquisition period from August 22, 2015 to October 31, 2015.

David Jaffe, President and Chief Executive Officer of ascena retail group, inc., commented, “I’m pleased that our efforts delivered first quarter non-GAAP earnings in the middle of our guidance range. We reacted decisively to unfavorable selling trends in September through more aggressive, but targeted and effective promotional activity. We also reduced operating costs and planned capital expenditures that will benefit full year earnings and free cash flow.”

Regarding second quarter performance, Jaffe commented, “Selling has picked up a bit following a very difficult period leading to Election Day. Total comp sales were up 2% for the nine day period from the weekend preceding Thanksgiving through Cyber Monday. Double-digit ecommerce growth over this period more than offset negative brick and mortar performance, which was caused by continued traffic headwinds.”

Jaffe concluded, “Market conditions are challenging, and at this time, we believe it is prudent to assume that they will remain so. We are focused on the areas of the business that we can control. We expect to drive down inventory levels, execute cost controls, and build a more flexible and responsive organization in general. While these actions will support our near-term performance, we will also continue to aggressively work on our enterprise transformation to create sustainable performance for the longer term through enhanced customer facing capabilities. The tough environment certainly highlights the necessity of the transformation we are executing, and we are working to ensure that ascena emerges as a strong competitor that can simultaneously drive value to a demanding customer and produce the returns expected by our shareholders.”

Fiscal First Quarter Results

Net Sales and Comparable Sales

Net sales for the first quarter of Fiscal 2017 were $1.678 billion compared to $1.672 billion in the year-ago period, which excluded roughly $122 million of ANN sales in the stub period that preceded the ANN acquisition date. The increase in sales from the inclusion of ANN for the full quarter was offset by the impact of the 5% comparable sales decline.

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.

ascena retail group, inc. to release its Fiscal 2017 1Q financial results on Thursday, December 1, 2016

MAHWAH, N.J., 2016-Nov-23 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ – ASNA) today (Nov. 21, 2016) announces the release of its Fiscal 2017 first quarter financial results will take place on Thursday, December 1, 2016. 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, President & CEO, and Robb Giammatteo, Executive Vice President & CFO, 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 16154932. 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 8, 2016 by dialing (855) 859-2056 for domestic calls or (404) 537-3406 for international calls. The replay ID is 16154932.

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.

Investors Contact:
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 Contact:
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.

ascena retail group announces financial results for fiscal fourth quarter and full year ended July 30, 2016

MAHWAH, N.J., 2016-Sep-20 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ – ASNA) (the “Company”) today (Sep. 19, 2016) reported financial results for its fiscal fourth quarter and full year ended July 30, 2016. Fiscal 2016 reflected a 53-week fiscal year for the Company, and as a result, the Company’s fourth quarter GAAP results for Fiscal 2016 reflect a 14-week period, while non-GAAP adjusted results reflect a 13-week period comparable to the prior year 13-week period. Additionally, the Company’s non-GAAP adjusted financial results for its fiscal fourth quarter ended July 30, 2016 exclude acquisition and integration expenses, and non-cash expenses associated with the purchase accounting adjustments of ANN’s assets and liabilities to fair market value. The Company’s non-GAAP adjusted financial results for its fiscal fourth quarter ended July 25, 2015 exclude a $306 million impairment of goodwill and an intangible asset related to Lane Bryant, and an expense of $51 million related to Justice pricing lawsuits.

For the fourth quarter of Fiscal 2016, the Company reported GAAP earnings of $0.07 per diluted share compared to a loss of $1.98 per diluted share in the same period of Fiscal 2015. The increase was driven by the acquisition of ANN, which closed during the first quarter of Fiscal 2016, along with prior year items including the impairment of goodwill and an intangible asset at Lane Bryant and the expense related to the Justice pricing lawsuits. For the fourth quarter of Fiscal 2016, the Company reported non-GAAP adjusted earnings of $0.08 per diluted share which excludes the purchase accounting expenses and acquisition and integration costs associated with the acquisition of ANN, as well as the estimated impact of the 53rd week.

For full year Fiscal 2016, the Company reported a GAAP loss of $0.06 per diluted share as a result of acquisition and integration costs, and the effect of non-cash purchase accounting adjustments, all of which were related to the acquisition of ANN. The Company reported a loss of $1.46 per diluted share in the same period of Fiscal 2015 primarily due to the previously discussed charges for the Lane Bryant impairments and Justice pricing lawsuits. Non-GAAP adjusted earnings for the 52-week period ending July 23, 2016 were$0.60 per diluted share, which excludes the aforementioned ANN items and the estimated impact of the 53rdweek.

David Jaffe, President and Chief Executive Officer of ascena retail group, inc., commented, “Fiscal 2016 was a challenging year for ascena, characterized by a highly competitive selling environment and significant store traffic headwinds. While we are seeing good customer demand during peak periods, off-peak demand has been inconsistent, and fourth quarter financial performance fell well below our expectations.”

Jaffe concluded, “Aside from the challenging business trend we’ve seen, I’d like to highlight progress in four key areas of our business that I believe lay the foundation for stronger future performance. First, we were pleased by the Justice turnaround. The Justice team delivered full-year operating margin in the middle of the guidance range we provided last September. Second, our integration of ANN continues to progress well, and we remain ahead of plan with our synergy and cost savings workstreams. Third, the new ascena omni-channel platform went live at Justice in the fourth quarter, and the early reads on demand growth have significantly exceeded our expectations. And finally, we continue to make progress with our enterprise transformation work, and we are currently moving forward to address identified opportunities.”

Fiscal Fourth Quarter 2016 Results

Net Sales and Comparable Sales

On a GAAP basis, Net sales for the fourth quarter of Fiscal 2016 were $1.812 billion compared to $1.170 billion last year, with the increase driven by the acquisition of ANN, which was not included in the prior year. Fiscal 2016 also includes Net sales of approximately $82 million associated with the 53rd week. Comparable sales at the legacy ascena brands (excluding ANN) were down 4% for the quarter based on the comparable 13-week period. On a non-GAAP adjusted basis, Net sales were $1.731 billion.

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

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

For media:
ascena retail group, inc.
Catherine Fisher
551-777-6725
Senior Vice President, Chief Communications Officer
catherine.fisher@ascenaretail.com

Source: ascena retail group, inc.

ascena retail group, inc. to release its Q4 FY2016 financial results on September 19, 2016

MAHWAH, N.J., 2016-Sep-14 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ – ASNA) today (Sep. 12, 2016) announces the release of its Fiscal 2016 fourth quarter financial results will take place on Monday, September 19, 2016. 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, President & CEO, and Robb Giammatteo, Executive Vice President & CFO, 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 76516611. 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 September 26, 2016 by dialing (855) 859-2056 for domestic calls or (404) 537-3406 for international calls. The replay ID is 76516611.

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 through out 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.

Contacts:

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

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

For media:
ascena retail group, inc.
Catherine Fisher
Senior Vice President, Chief Communications Officer
(551) 777-6725
catherine.fisher@ascenaretail.com

Source: ascena retail group, inc.

ascena retail group reaffirmed its full year EPS guidance range of $0.75 to $0.80 for the 52-week period ending July 23, 2016

MAHWAH, N.J., 2016-Jan-14 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ – ASNA) (the “Company”) today announced consolidated comparable sales decreased 4% over the Holiday period, which represents performance fromSaturday, November 21, 2015 through Sunday, January 3, 2016. The Company also reaffirmed its full year EPS guidance range of $0.75 to $0.80 for the 52-week period ending July 23, 2016.

Total Comparable Holiday Sales*
ANN Brands (1%)
Justice (15%)
Lane Bryant 6%
maurices 1%
dressbarn (3%)
Catherines (2%)
ascena (4%)

Figures include ecommerce on a demand basis

David Jaffe, President and CEO, commented, “The Holiday period for specialty retail was marked by soft traffic and unseasonably warm conditions, and was highly competitive. Excluding the planned decline at Justice, consolidated comparable sales were flat to last year.”

Jaffe further commented, “Consistent with performance over the Black Friday week, performance was mixed across our portfolio through the holiday period. We were very pleased with the positive comp trend that we continue to see at Lane Bryant. Inventory levels were down significantly to last year across our ANN Brands and at Justice, which helped drive significant gross margin rate improvement. Justice’s negative comp sales performance was in line with our expectations, and the brand is set up well for the upcoming transition to Spring. Our maurices and Catherines brands faced very strong performance last year, with compounded two-year growth up high single digits at both brands. Finally, we saw a modest improvement in trend at dressbarn, with roughly flat comp performance over a two year period.”

Jaffe concluded, “We remain comfortable with our full year outlook, and are reaffirming our earnings per share guidance range of $0.75 to $0.80. We were a bit disappointed with our overall Holiday sales performance, and expect second quarter earnings per share will be below the $0.02 we had guided to at our December earnings call. We now see second quarter earnings per share between breakeven and ($0.03). However, inventories are very well controlled across ascena as we transition into the Spring season, and we are pleased with the continuing turnaround at Justice.”

About ascena retail group, inc.
ascena retail group, inc. (NASDAQ: ASNA) is a leading national specialty retailer offering clothing, shoes, and accessories for missy and plus-size women under the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, Cacique, maurices, dressbarn, andCatherines brands, and for tween girls under the Justice brand. ascena retail group, inc. operates, through its 100% owned subsidiaries, ecommerce operations and approximately 5,000 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, visit ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, lanebryant.com, cacique.com, maurices.com, dressbarn.com, catherines.com, and shopjustice.com.

Source: ascena retail group, inc.

ascena
Investor Relations
551-777-6895
asc-ascenainvestorrelations@ascenaretail.com
or
ICR, Inc.
James Palczynski, 203-682-8229
Partner
jp@icrinc.com

ascena retail group’s Board of Directors authorized $200 million stock repurchase program

MAHWAH, N.J., 2015-12-21 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ:ASNA) (the “Company”) today announced that its Board of Directors has authorized a $200 million stock repurchase program. Purchases made under this program are authorized to be made by the Company from time to time when market conditions warrant, subject to any approvals required under the Company’s existing loan documents. The program authorizes the purchase of ascena common stock through open market purchases and/or privately negotiated transactions, and is subject to applicable SEC rules. This program replaces the existing stock repurchase program amended in Fiscal 2011, which had a remaining authorization of approximately $90 million. This stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company’s discretion.

David Jaffe, President and Chief Executive Officer commented, “This new authorization demonstrates our Board’s confidence in ascena’s operating model and expected cash flows, and creates additional flexibility to enhance stockholder value. We remain focused on commitments we’ve made to the rating agencies and our debt holders to de-lever our balance sheet, and will act in an opportunistic manner with excess cash.”

About ascena retail group, inc.
ascena retail group, inc. (NASDAQ:ASNA) is a leading specialty retailer offering clothing, shoes, and accessories for missy and plus-size women under the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, Cacique, maurices, dressbarn, and Catherines brands, and for tween girls under the Justice brand. ascena retail group, inc. operates through its subsidiaries approximately 4,900 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, visit ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, lanebryant.com, cacique.com, maurices.com, dressbarn.com, catherines.com, and shopjustice.com.

Source: ascena retail group, inc.

ascena retail group, inc.
Investor Relations
551-777-6895
asc-ascenainvestorrelations@ascenaretail.com
or
ICR, Inc.
James Palczynski, 203-682-8229
Partner
jp@icrinc.com