Some serious changes are planned to restore profitability, agility, and brand loyalty to The Ascena Retail Group, a leading national specialty retailer offering apparel, shoes, and accessories for women under the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, maurices, dressbarn and Catherines brands, and for tween girls under the Justice brand.
Third-quarter sales were $1.565 billion, compared to $1.669 billion for the same period last year. The decrease in sales reflected the impact of the 8 percent comparable sales....