1.0100 0.00 (0.00%)
After hours: 4:51PM EDT
|Bid||1.0000 x 45100|
|Ask||1.0400 x 46000|
|Day's Range||0.9901 - 1.1100|
|52 Week Range||0.9700 - 5.2900|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 3, 2019 - Jun 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.83|
Ascena Retail, whose portfolio also includes Ann Taylor, announced plans to close all 650 Dressbarn stores.
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to pruning its less successful brands.
Ascena Retail Group Inc NASDAQ/NGS:ASNAView full report here! Summary * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is high for ASNA with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting ASNA. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $2.15 billion over the last one-month into ETFs that hold ASNA are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Dressbarn announced Monday plans to shutter all of its remaining 650 stores, including the dozen still open in Greater Washington. The Mahway, New Jersey-based women’s clothing boutique calls this a “wind down of its retail operations,” and has not said yet when it will close. For now, Dressbarn stores remain open, as does the company’s online store, and there are no “current changes to Dressbarn’s return, refund, or gift card policies.” There appear to be 12 open Dressbarn locations across the D.C. area, though none in D.C. proper: Silver Spring, Upper Marlboro, Laurel, Greenbelt, Germantown, Aspen Hill, Alexandria, Fairfax, Falls Church, Manassas, Sterling, and Woodbridge.
plans to wind down its Dressbarn business and close all 650 or so of the women's clothing stores. Ascena reached an agreement in March to sell a majority stake in Maurices, another women's clothing chain. "For more than 50 years, Dressbarn has served women's fashion needs, and we thank all of our dedicated associates for their commitment to Dressbarn and our valued customers," said Dressbarn Chief Financial Officer Steven Taylor.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - U.S. officials said on Monday they would grant a handful of ...
NEW YORK (AP) — Dressbarn, the women's clothing chain that's been around for nearly 60 years, is closing all 650 of its stores.
Ascena Retail Group Inc said on Monday it would wind down its women's budget clothing chain, Dressbarn, shutting about 650 stores in the United States, as it sharpens its focus on profitable brands. The company, which also houses fashion brands Ann Taylor and Lou & Grey, said the move would strengthen its overall financial performance. "This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today's retail environment," Dressbarn Chief Financial Officer Steven Taylor said.
Ascena, whose brands have come under pressure as consumer tastes shift, needs to make changes after posting more than $1 billion of losses in the past four years, according to data compiled by Bloomberg. “This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today’s retail environment,” Dressbarn Chief Financial Officer Steven Taylor said in a statement Monday. Bloomberg reported in March that Ascena was exploring options for Dressbarn, which was struggling with a host of competitors from fast-fashion purveyors like H&M to Amazon.com.
Women's clothing chain Dressbarn said late Monday that it would wind down its retail operations, closing all of its approximately 650 stores.
Ascena Retail Group Inc. said late Monday it will wind down operations of its Dressbarn brand, closing down about 650 stores. Plans for the store closings will be disclosed later on, the company said. The decision to close Dressbarn has "no impact" on the operations of any of Ascena's other brands, which include Ann Taylor and Lane Bryant, and "will strengthen the company's overall financial performance," Ascena said. "Dressbarn's wind down is another significant step taken to advance Ascena's ongoing transformation. This move is in line with the company's commitment to comprehensively assess and optimize its portfolio by focusing resources on its most profitable brands to position the business for long-term growth and enhance shareholder value," the company said in a statement. Ascena shares rose 2.6% in the extended session after ending the regular trading day down 9.5%.
Loft has joined the clothing rental business, launching Infinitely Loft May 7 with a size-inclusive range of casual, work-appropriate and maternity styles. Sizes range from 00 to 26 and XXS to XXL and include petite, tall, plus and maternity, per Fashion Network, and the subscription includes unlimited swaps. Shipping both ways is free via a USPS Priority Mail pre-paid envelope. The subscription is offered at a lower price point than that of competitor Rent the Runway, which gets more than half its revenue from subscribers to its $159 monthly Unlimited four-item-at-a-time rental service.
"Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]
Ascena Retail Group Inc. said Wednesday Chief Executive David Jaffe will retire effective immediately. Jaffe will remain on the board of directors, the parent company of Ann Taylor, Dress Barn and other brands said in a statement. Gary Muto, chief executive officer of Ascena Brands, has been named the company's chief executive. In the same statement, Ascena said Chief Operational Officer Brian Lynch is also leaving. Ascena shares were flat in the extended session after ending the regular trading day down 0.8%.
David Jaffe has been the CEO of Ascena Retail Group, Inc. (NASDAQ:ASNA) since 2002. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. After that...