Ascena news and archive

Ascena seeks new loan

Ascena Retail Group Inc, the parent company of Ann Taylor, Loft, and Lane Bryant, is seeking a 150 million dollar loan from its creditors to keep the company functioning during their bankruptcy filing. Ascena is working on a restructuring plan that will also allow creditors to install new board members. The news was reported by Bloomberg. The...

Business |ANALYSIS

Analysts see Dressbarn closures as a key step for a positive future for Ascena Retail

New York - Ascena Retail Group (NASDAQ:ASNA) announced in late May its plans to sunset its Dressbarn, closing all its stores. The announcement followed months of speculation regarding a potential sale of the business. Is worth recalling that Ascena Retail Group has struggled for several years, accumulating a total debt that surpasses 1 billion...

BusinessFeatured

UK’s private equity firm to buy Maurices chain from Ascena

New York - Maurices, the US-based womenswear chain, will be changing hands soon. The fashion retailer is said to be bought by European private equity firm OpCapita, putting an end to Ascena Group’s 14-year ownership. OpCapita announced earlier this week it will acquire a majority stake in the women’s apparel retailer, thus ending 14 years of...

BusinessFeatured

Ascena Retail buys Ann Inc. for circa 2.16 billion

Ascena Retail Group (ASNA) has acquired Ann Inc. (ANN), owner of the Ann Taylor and Loft brands and retail stores, for about 2.16 billion dollars. The deal is expected to be finalised in the second half of this year and will be financed through bank debt. Ascena announced it will acquire Ann for 47 dollar per share in cash and stock. News of the...

BusinessFeatured

Problems at US West Coast ports costing retailers 7 billion dollars

Contract negotiations between West Coast dockworkers and port terminal operators are being followed quite closely by retailers of all sorts, as months of dealing, delays and other issues might cost retailers up to seven billion dollars. According to a Kurt Salmon analysis, congestion at West Coast ports could cost retailers as much as seven...

Design

Shares of Lululemon, Aeropostale and Ascena change hands

On Thursday, an extraordinary amount of shares from Lululemon, Aeropostale and Ascenachanged hands. Main investors were either companies´executives or current investors. Ascena Retail Group (NASDAQ:ASNA) CEO Michael W. Rayden unloaded 13,000 shares of the stock on the open market in a transaction dated Wednesday, October, 1. The stock was sold...

Design

Ascena's expansion plans for Lane Bryant gain pace

Ascena Retail Group Inc. seems to be going steady ahead with its expansion plans for its brand Lane Bryant. The store expansion plans of Ascena for its brand seem to be gaining pace this year, with 16 new stores opened since April. Lane Bryant is a renowned curvy women's specialty apparel retailer, offering designer and high-quality fashion and...

Design

Ascena Retail reports 5 percent rise in Q1 net sales

REPORT_ Ascena Retail Group in its financial results for its fiscal first quarter ended October 26, 2013 said that its net sales for the first quarter of fiscal 2014 increased 5 percent to 1.197 billion dollars, compared to 1.138 billion dollars in the prior year’s first quarter. This growth was driven by a consolidated total comparable sales...