Friday, March 15, 2019

Ascena Retail’s Q2 loss widens amid apparel ‘headwinds,’ uneven brand sales

Chain Store Age
All brands are not created equal. Just ask the parent company of Ann Taylor, Loft, Lane Bryant and other apparel nameplates.

Ascena Retail Group reported a wider-than-expected loss and less-than-expected sales for its second quarter amid slumping sales at several of its banners. In a statement, company CEO David Jaffe cited a “challenging selling environment” which he said is the result of “macro headwinds impacting our sector.”. . . more