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August 02, 2015 4:27 PM ET

Specialty Retail

Company Overview of Ascena Retail Group Inc.

Company Overview

Ascena Retail Group, Inc., through its subsidiaries, operates as a specialty retailer of apparel for women, and tween girls and boys. It operates through five segments: Justice, Lane Bryant, maurices, dressbarn, and Catherines segments. The company offers apparel, accessories, footwear, intimates, wear-to-work, and casual sportswear; and lifestyle products, such as bedroom furnishings and electronics, as well as social occasion apparel, career wear, dressy apparel, and active wear. Its principal retail brands comprise Justice, Brothers, Lane Bryant, Cacique, Right Fit, Maurices, Studio Y, Dressbarn, Catherines, Maggie Barnes, Liz&Me, and Serenada. As of September 22, 2014, the company operat...

933 MacArthur Boulevard

Mahwah, NJ 07430

United States

Founded in 1962

14,000 Employees



Key Executives for Ascena Retail Group Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $1.0M
Chief Operating Officer of Shared Services Group and President of Shared Services Group
Age: 62
Total Annual Compensation: $656.2K
Compensation as of Fiscal Year 2014.

Ascena Retail Group Inc. Key Developments

Ascena Retail Group Inc. Revises Earnings Guidance for the Full Year Ending July 25, 2015; Provides Impairment Charges Guidance for the Fourth Quarter of 2015

Ascena Retail Group Inc. revised earnings guidance for the full year ending July 25, 2015. Subject to completion of the company’s fourth quarter close and audit of its fiscal year 2015 financial statements, the company now expects full-year adjusted EBITDA from continuing operations in the range of $365 million to $375 million, and full-year adjusted earnings per diluted share from continuing operations in the range of $0.57 to $0.60 as compared to its prior expectation of $0.70 to $0.75 per share. These ranges exclude charges for the goodwill and intangible asset impairment and the litigation reserve. The company also announced that in the fourth quarter it expects to take a non-cash, pre-tax goodwill and intangible asset impairment charge in the range of $275 million to $325 million related to Lane Bryant.

Ascena Retail Group Inc.(NasdaqGS:ASNA) added to Russell 2000 Index

Ascena Retail Group Inc. will be added to Russell 2000 Index

Ascena Retail Group Inc.(NasdaqGS:ASNA) dropped from Russell 1000 Index

Ascena Retail Group Inc. will be removed from Russell 1000.

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