Retail

Ascena Turns Profitable in Quarter and Upbeat for Holiday

9 days ago   |   By WWD

The Ascena Retail Group Inc., keeping costs down and inventories under control, turned profitable in its first quarter, reporting net earnings of $14 million, compared to a net loss of $18 million last year.
The reversal of fortune came despite a 5 percent comparative sales decline and tough traffic patterns in the fiscal quarter that ended Oct. 29.
However, executives cited improvement in the sales trend since after the election, including a 2 percent gain in comp sales and merchandise margins in the nine days up to Cyber Monday, and were upbeat compared to the dour report of just a...
Read more ...

 


Search by Tags

   Retail      Ascena  


'The New York Times' Picks the Best Book Covers of 2016

You probably haven't picked up a book to read in your own time in months, if not years - we don't blame you - but don't let that stop you from appreciating The New York Times'... Read more ...

2016 Advent calendar, day 11: Le Château

Why settle for one fashion item when you could have all 24? Our 2016 Advent calendar is food for your fashion soul and will make December mornings even more exciting than the... Read more ...

'Harry Potter' Star Matthew Lewis Engaged to Girlfriend Angela Jones

Neville Longbottom has found his other half! Harry Potter star Matthew Lewis is off the market, TMZ reports. The 27-year-old actor is reportedly... Read more ...

2016 Advent calendar, day 10: The Estée Edit

Why settle for one beauty item when you could have all 24? Our 2016 Advent calendar is food for your beauty soul and will make December mornings even more exciting than the... Read more ...

Elie Saab

ELIE SAAB PRE FALL 2017 Read more ...

WSJ

Light Touch Read more ...

Various Editorials

Billboard Magazine: Women in Music Trailblazer - Kesha Read more ...

Elle U.S

The New Class Read more ...

Opening Ceremony Has Some Pretty Crazy Gift Ideas This Holiday Season

There's a rising trend and preference for gifting "experiences" over material things, and this holiday season, Opening Ceremony founders Carol Lim and Humberto Leon have some... Read more ...

Bristol Palin Pregnant - Expecting Baby No. 3 With Husband Dakota Meyer!

Bristol Palin is pregnant with her third child! The former first daughter of Alaska and her husband, Dakota Meyer, told Entertainment Tonight, “We... Read more ...