Ascena Retail
Ascena Retail is behind lines such as LOFT, Ann Taylor, Dress Barn, and Lou & Grey. Hiring a new executive for Dress Barn did not make things much better. It has decided to shutter a quarter of its locations by this year to save the brand. Ascena had been expecting to see $1.7 billion in sales back in 2017, although its top-line sales declined year over year. In May, financial company Moody’s said it is “is on a path to developing a strong ‘backbone’ of retail capabilities.” Things are looking up for Ascena!
Ascena Retail
ADVERTISEMENT
