Tuesday, June 11, 2019

Ascena net loss widens to $238M in Q3

Retail Dive
Ascena Retail Group on Monday reported that third quarter net sales edged down to $1.266 billion from $1.267 billion in the year-ago period, with comparable sales flat year over year, according to a company press release.

By brand in the quarter: Comps at the company's premium brands (Ann Taylor and Loft) rose 5% as net sales rose to $549.5 million from $532.7 million a year ago. At plus banners Lane Bryant and Catherines, comps fell 3% as net sales fell to $311.5 million from $312.8 million in the year-ago period. At kids' banner Justice comps fell 5% as net sales fell to $227.4 million from $233.8 million a year ago. At Dressbarn, which is to be folded, comps fell 4% as net sales fell to $177.3 million from $187.4 million last year.. . . more

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