Retail

Ascena Turns Profitable in Quarter and Upbeat for Holiday

7 monthes 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  


Mahershala Ali Is Here To Save 'True Detective' Season 3

Yes please. Read more ...

Justin Bieber Accidentally Knocks Photographer Over in His SUV

Never too far from controversy, Justin Bieber was involved in a car accident outside of a church in Beverly Hills yesterday, when he accidentally hit a photographer while... Read more ...

Mopar® Celebrates at NHRA Mopar Mile-High Nationals; Kevin Helms Wins Stock...

July 23, 2017, Morrison, Colo. - It was a nearly picture-perfect weekend at the NHRA Mopar® Mile-High Nationals in Denver, where a high-energy crowd celebrated the 80th... Read more ...

Love Island's Jamie Jewitt Addresses Speculation About Ex Girlfriend

Jamie has finally spoken out about those shocking claims... Jamie Jewitt and Camilla Thurlow were voted as the runners-up in the Love Island 2017 finale on Monday. He was a bit... Read more ...

Princess Diana is the muse for Off-White Spring 2018

In the 20th year since Princess Diana's tragic death, there has been a slew of books, documentaries and tributes dedicated to the people's princess. Now, Virgil Abloh is taking... Read more ...

5 'Game of Thrones' Spin-Offs Are in the Works

Fans will be glad to know that HBO is launching several Game of Thrones spin-offs , but expect them to premiere "at least a year after" the GoT series final season, which may... Read more ...

Is Marc Jacobs to exit his brand?

All is not well at Marc Jacobs. The New York-based company has an incoming chief executive, Eric Marechalle, who faces the tough task of re-structuring a brand, which... Read more ...

Charli XCX talks recruiting her ‘Boys' video on a dating app

There's no boy dreamy enough to swerve a party over - ever. But Charli XCX 's latest video makes it tempting, as the singer has recruited a multitude of guys on the scene for... Read more ...

Art Hearts Fashion | Miami Swim Week

Art Hearts Fashion | Miami Swim Week Art Hearts Fashion kicked off Miami Swim Week at Funkshion's Collins Park Tents, with Nick Cannon opening the show. The opening night... Read more ...

Michael Jackson estate owes Quincy Jones $9.4M: jury

A Los Angeles jury on Wednesday determined that Michael Jackson's estate was bad to legendary producer Quincy Jones to the tune of $9.4 million. The jury award ends a... Read more ...