|Bid||6.49 x 1100|
|Ask||6.50 x 800|
|Day's Range||6.12 - 6.53|
|52 Week Range||4.00 - 61.00|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 11, 2020 - Mar 15, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
MAHWAH, N.J., Jan. 07, 2020 -- ascena retail group, inc. (Nasdaq: ASNA) (“ascena” or the “Company”) today announced that the Company received written notice from The Nasdaq.
The board of directors of Ascena Retail Group, Inc., the parent company of seven women’s apparel brands including Ann Taylor and Lane Bryant, has approved a 1 for 20 reverse split of its common stock in an effort to avoid delisting from the Nasdaq stock exchange. The stock will continue to trade on the Nasdaq exchange under the symbol “ASNA” on a split-adjusted basis. The reverse stock split affects all issued and outstanding shares of the company’s common stock and reduces the number of shares from 199.4 million to 9.97 million.
Shares of Ascena Retail Group Inc. fell 2.1% in premarket trading, after the parent of Ann Taylor and Loft retail store chains implemented a 1-for-20 reverse stock split in an effort to regain compliance with the Nasdaq minimum share price continued-listing rule. The split went into effect on Wednesday at 5:30 p.m. Eastern. The split has adjusted the stock's Wednesday closing price to $9.40 from 47 cents. Ascena can regain compliance with the Nasdaq listing requirement by maintaining a closing bid price of $1.00 per share for a minimum of 10 consecutive trading sessions before Jan. 27. The reverse split has effectively reduced the number of outstanding shares to 9,972,221 from 199,444,436. The stock had plunged 81% year to date through Wednesday, while the SPDR S&P Retail ETF has gained 11% and the S&P 500 had run up 27%.
MAHWAH, N.J., Dec. 19, 2019 (GLOBE NEWSWIRE) -- ascena retail group, inc. (ASNA) (the “Company”) today announced that the Company’s board of directors has approved a reverse stock split of the Company’s common stock, at a ratio of 1-for-20, and a corresponding reduction in the number of the Company’s authorized shares of common stock, following the approval of the reverse stock split by the Company’s stockholders at the Company’s annual meeting of stockholders held on December 10, 2019.
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(Bloomberg Opinion) -- Many of the retail industry’s challenges in 2020 will be familiar, such as adapting to the rise of e-commerce and trade-related uncertainty from Washington. But the lineup of CEOs navigating those conditions will include many new faces.There were more CEO exits in the retail industry in 2019 than in any year since at least 2010, according to data from Challenger, Gray & Christmas.(1)The leadership shake-ups in retail don’t appear to fit any particular pattern. There were carefully choreographed, harmonious baton passes, such as Best Buy Co. naming Corie Barry to succeed Hubert Joly. There were bombshells such as Steve Easterbrook’s abrupt ouster from McDonald’s Corp. over an inappropriate relationship with an employee. There were rebukes of poor performance, such as Art Peck’s departure from Gap Inc. And there were some left-field surprises, such as Tractor Supply Co. poaching Hal Lawton from Macy’s Inc.Retail’s recent bout of turbulence at the top is not such an outlier in corporate America; Bloomberg Opinion’s Stephen Mihm recently noted an uptick in CEO departures overall in the past few months. But it adds a certain intrigue about which retailers will end up in the winners’ circle next year.Here are predictions for how some of the more high-profile episodes of C-suite musical chairs will play out.CEO changes that are reason for optimism: By the time activist investor pressure finally led Bed Bath & Beyond Inc. to dump longtime CEO Steven Temares, the move was long overdue. But the board has scored by luring Mark Tritton — the chief merchant at its on-fire competitor, Target Corp. — for the job. Tritton’s experience creating covetable private-label brands and reimagining store displays are exactly what the big-box home goods chain needs. Meanwhile, though Gap has not yet named a permanent successor for the now-departed Peck, the company may be better off without a leader who tried but failed for five years to revive its flagship brand.CEO changes that are reason for pessimism: The biggest headscratcher comes from Nike Inc., which announced that CEO Mark Parker is to be replaced in January by John Donahoe, a former ServiceNow and eBay Inc. executive. Sure, Donahoe knows Nike’s business from serving on its board, but his tech-centric resume is a weird fit for a company that thrives on its marketing savvy and merchandising expertise. There is potential for trouble, too, in the leadership plans of Under Armour Inc., where founder Kevin Plank is set to relinquish the CEO title to COO Patrik Frisk in the new year. Plank is to become chairman and “brand chief,” and Frisk will still report to Plank. This set-up is reminiscent of when Ralph Lauren first tried to step back from the CEO role of his namesake company while staying on in a creative position. The fashion mogul clearly had trouble releasing the reins, and it cost the company a highly capable CEO, Stefan Larsson.(2)Elsewhere in the apparel world, Ascena Retail Group Inc., corporate parent of Ann Taylor, Lane Bryant and other brands, probably will regret tapping an insider, Gary Muto, to replace David Jaffe. This company needs the kind of total overhaul that an outsider would be better equipped to pull off.CEO changes that promise business as usual: Electronics giant Best Buy is in good hands under Barry, a veteran executive of the chain who had served as its CFO and chief strategic growth officer. Thing is, the electronics giant was already in good hands under Joly, who had steered the chain through an improbable comeback. So expect steadiness for the retailer in the year ahead —by no means a bad thing. Same goes for McDonald’s: Even though it said goodbye to a successful CEO under far more soap-operatic circumstances, his replacement, Chris Kempczinski, is a close lieutenant poised to stick to the same playbook that has fueled the fast-food giant’s recent strength.CEO change wild card: It’s understandable that Tapestry Inc.’s board had lost confidence in recently departed CEO Victor Luis. The company that used to be named Coach has been struggling to boost the Kate Spade brand it acquired in 2017, a bad sign for a company intent on transforming into a luxury conglomerate. Luis has been replaced by Jide Zeitlin, a longtime Tapestry board member. He has little experience in the retail or fashion worlds, which is concerning. But his finance industry chops could prove invaluable in future deal-making — an essential ingredient in the company’s quest for growth.(1) The Challenger data in the chart is for the retail sector only. The apparel industry, which includes manufacturers such as Nike, is a separate category that also saw a particularly high number of exits in 2019. So far, apparel has 12 CEO exits, matching the 2015 annual total that was the highest this decade. Restaurants such as McDonald’s are included in the entertainment and leisure category in Challenger’s data.(2) Lauren seems to have settled into his new role alongside current CEO Patrice Louvet, who took that job in 2017 after Larsson’s exit.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Michael Newman at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Ascena Retail Group Inc., which has a portfolio of retail chains that includes Ann Taylor and Loft, said plus-size fashion and pants were hot items during the most recent quarter. Last year’s profit includes a 15 cents per-share benefit from discontinued operations. Ann Taylor same-store sales fell 1%, Loft same-store sales were down 2%, Lane Bryant was up 2% and Justice kid’s fashion was down 6%.
The debt-laden parent of Ann Taylor and Justice posted surprising results Tuesday, causing its shares to gyrate only to finish the day barely higher.
MAHWAH, N.J., Dec. 09, 2019 -- ascena retail group, inc. (Nasdaq - ASNA) (“ascena” or the “Company”) today reported financial results for its fiscal first quarter ended.
NEW YORK, NY / ACCESSWIRE / December 9, 2019 / Ascena Retail Group, Inc. (NASDAQ: ASNA ) will be discussing their earnings results in their Ascena Retail Group, Inc. to be held on December 9, 2019 at 4:30 ...
Linda Heasley has stepped down as president, CEO and a member of the board of J.Jill, Inc. as the company announced disappointing third quarter results. The Board has begun a search process, and James (“Jim”) S. Scully, who currently serves as a member of the J.Jill, Inc. (NYSE:JILL) board of directors, will serve as interim CEO, the company said in a statement. Heasley was named CEO of the company in April 2018 and had served as a director of J. Jill since March 2017.
MAHWAH, N.J., Dec. 02, 2019 -- ascena retail group, inc. (Nasdaq - ASNA) (the “company” or “ascena”) today announces the release of its Fiscal 2020 first quarter financial.
MAHWAH, N.J., Nov. 22, 2019 (GLOBE NEWSWIRE) -- ascena retail group, inc. (ASNA) announced today that through its retail brands, it has raised a total of $6.2 million for the Breast Cancer Research Foundation (BCRF) in support of Breast Cancer Awareness month in October of this year. Since 2005, the company and its brands have funded over $50 million in critical breast cancer research, making it BCRF’s top fashion donor. For Breast Cancer Awareness Month, several of ascena retail group’s brands activated fundraising campaigns and special collections to help raise funds for BCRF.
Justin MacFarlane Named Chief Customer Officer Marisa Baldwin Promoted to Chief Human Resources Officer MAHWAH, N.J., Nov. 13, 2019 -- ascena retail group, inc. (Nasdaq:.
It is a retail name that currently trades as though it were an option - in this case, an option that the company will stay afloat. Unlike most of my dumpster diving ideas, this is not one that I stumbled upon through my own research. An analyst/Real Money reader reached out to me several weeks ago, because he knew I am enamored at times with out of favor retail names, and asked if I knew the story behind Ascena Retail Group , parent of Ann Taylor, Loft, Lane Bryant, Catherine's, Justice and the soon to be shuttered Dress Barn.
Anyone researching Ascena Retail Group, Inc. (NASDAQ:ASNA) might want to consider the historical volatility of the...
Store-closing sales start today at more than 500 Dressbarn locations nationwide, as the company winds down its brick-and-mortar retail business, but the brand will live on online. Dress Barn Inc. earlier this week announced that it has sold the intellectual property assets of Dressbarn and will transition its e-commerce business to a subsidiary of Retail Ecommerce Ventures LLC. A new dressbarn.com platform has a tentative launch date of January 1. “We believe the future of Dressbarn is bright and we are excited to grow and expand the online presence for the brand,” said Tai Lopez, co-owner of Retail Ecommerce Ventures, in a statement.
Ascena Retail Group Inc. said late Wednesday its Dressbarn stores are in the "final stages" of their planned winding down, with store-closing sales at all of its 544 remaining brick-and-mortar shops starting on Friday. The intellectual-property assets of Dressbarn have been sold, and the company has started the transition to an e-commerce business as a subsidiary of Retail Ecommerce Ventures LLC, Ascena said. Store customers will see discounts on all merchandise of up to 40% off original prices, Ascena said. Store fixtures, furnishings and equipment will also be for sale. Existing gift cards and merchandise credits will be honored throughout the sale. All stores are expected to close no later than Dec. 26. Ascena, the parent of Ann Taylor Group and other apparel brands, earlier this month swung to a quarterly loss. Ascena announced the Dressbarn closing in May.
The Dress Barn, Inc. (the “Company” or “Dressbarn”) today announced that it will begin the final stage of its planned wind down by commencing store closing sales at all of its brick and mortar retail stores. The Company also announced that it has sold the intellectual property assets of Dressbarn and has begun the process of transitioning its ecommerce business to a subsidiary of Retail Ecommerce Ventures LLC.
The downgrades reflect Moody's view that Ascena's capital structure is likely unsustainable as a result of its weak operating performance, high leverage, and negative free cash flow, creating an elevated risk of a debt restructuring including a material debt repurchase at a significant discount. Ascena's Caa2 CFR reflects the company's elevated probability of debt restructuring as a result of its high leverage, low interest coverage, and negative free cash flow.
MAHWAH, N.J., Oct. 8, 2019 /PRNewswire/ -- ascena Foundation is proud to announce the 2019 winners of the Roslyn S. Jaffe Awards. The program, now proudly in its sixth year, aims to bolster and provide financial support to grassroots organizations who are making a meaningful difference in the lives of women and children, specifically in the areas of health, education, social reform and self-esteem.