Fashion missteps tripped up the parent company of such brands as Ann Taylor, Lane Bryant and Dressbarn in its first quarter.
Ascena Retail Group reported net income of $6.6 million, down from $$14 million in the year-ago period. Net sales totaled $1.59 billion. Total same-store sales fell 5%,
which the company attributed primarily to a a mid-single digit decline
in average selling price.. . . more