Ascena Retail Group, Inc. (ASNA)

klappt hier ein fetter turnaround ?

Hab heute einige ins Depot gelegt

www.google.com/...=NASDAQ%3AASNA&ei=L4gLWZCVE5CBsAHEx7XgDQ

Ascena Retail Group, Inc. is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands. The Justice segment offers apparel to girls who are aged 6 to 12. The Lane Bryant segment offers apparel to female customers in plus-sizes 14-28. The maurices segment offers women's casual clothing, career wear, dressy apparel, active wear and accessories. The dressbarn segment consists of the specialty retail, outlet and e-commerce operations of the dressbarn brand. The Catherines segment offers classic apparel and accessories to female customers for wear-to-work and casual lifestyles. As of July 30, 2016, the Company operated approximately 4,900 stores in 49 United States' states, the District of Columbia, Canada and Puerto Rico.  

Ich glaube das war jetzt der Boden. Die Zukunft wird es zeigen - solange sie nicht pleite gehen kann das was ganz Schönes werden.

Allen viel Erfolg mit ihren Entscheidungen!

stimmen die Daten noch: Ebita von 600 mio plus,und Börsenwert von 400 mio ? Da kann man sicher auf Turnaround spekulieren,oder sind alle Retailers wegen Amazon auf em absteigenden Ast ????

Moody's says Ascena's guidance revision is credit negative and results in limited cushion in Ba3 rating category
Global Credit Research - 18 May 2017

New York, May 18, 2017 -- Moody's Investors Service ("Moody's") said that Ascena Retail Group, Inc. ("Ascena", Ba3 stable) downward revision of its Q3 and full fiscal year 2017 sales and earnings guidance is a credit negative but has no immediate impact on its ratings, including the Ba3 Corporate Family Rating and outlook.

For additional details please refer to the issuer comment posted on Moodys.com.

Headquartered in Mahwah, New Jersey, Ascena Retail Group, Inc. ("Ascena") operates approximately 4,900 women's specialty retail stores throughout the United States, Canada and Puerto Rico under the brands Justice, Lane Bryant, maurices, dressbarn, Catherines, Ann Taylor, LOFT and Lou & Grey. Revenue for the twelve months ended January 28, 2017 was $6.9 billion.

This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.  

Retail stocks are suffering their worst week of the year following a slew of disappointing earnings results. The S&P 500's Retail ETF (XRT) was down as much as 3.3% week to date. It's the worst week for the ETF since it dropped 4.2% in December 2016.

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Foot Locker  (FL) , Ascena Retail Group  (ASNA) and Sears  (SHLD) were some of the biggest losers in retail this week. Ascena, which is the parent company of numerous clothing retailers,  has experienced a 30% decline after adjusting its second half guidance to reflect pressures on the retail sector.

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wird auch Ascena von Amazon plattgemacht ??

Kann jemand den überraschend positiven Trend erklären?

For full year Fiscal 2017, the Company reported a GAAP loss of $5.48 per diluted share which included a non-cash pre-tax impairment charge of $1.324 billion (after tax impact of $5.22 per diluted share) recorded in the third quarter to write-down a portion of the Company's goodwill and other intangible assets. Also contributing to the loss was a comparable sales decline of 5%, costs associated with the Company's Change for Growth transformation program, and acquisition and integration costs related to the acquisition of ANN INC. The Company reported a GAAP loss of $0.06 per diluted share in the year-ago period. Non-GAAP adjusted earnings for full year Fiscal 2017 were $0.22 per diluted share compared to non-GAAP adjusted earnings of $0.60 per diluted share in the year-ago period.

David Jaffe, Chief Executive Officer of ascena retail group, inc., commented, “Our fourth quarter adjusted earnings per share of five cents came in well above our guidance range, reflecting a modest easing of store traffic headwinds. To be clear, conditions remain challenging - store traffic was down mid-single digits for the quarter, and we are planning for this trend to continue for the foreseeable future. While comp sales performance was several points better than our guide, we were not pleased with the results, and we will not be satisfied until we deliver positive, sustained enterprise-level comp sales.”

Jaffe continued, “Last month, we announced a major change to the structure of our executive leadership team. This is an important part of our efforts to reinvigorate top-line growth, enhance our culture of performance and accountability, drive efficiencies and cost savings, and create sustainable shareholder value. This change has unified the leadership of all brands under Gary Muto, which will allow our customer-facing team to leverage Gary's expertise in fashion execution and customer experience to drive improved performance going forward.”

Jaffe concluded, “I am encouraged by the major, decisive actions our team has taken across all aspects of our business. As part of our transformation efforts, we are investing in leading edge planning and marketing capabilities to support top-line growth and improved margin, and we remain on track to deliver cost savings of $250 to $300 million. Transformation-related expense efficiencies delivered to-date have provided a meaningful offset to the negative top-line environment, and we will continue to look to identify additional sources of cost savings as we aggressively transform ascena into an agile competitor - one that can deliver sustainable growth in an environment that we expect to remain intensely competitive.”  

A trailblazing female entrepreneur, Mrs. Jaffe began her career in 1962. As a working mother, she recognized the need for a convenient one-stop-shop that offered value-based and fashion-forward wardrobe solutions for busy women like herself. It was then that Mrs. Jaffe opened the first dressbarn store in Stamford, CT, eventually growing it into ascena retail group inc., a multibillion dollar family of brands, including Ann Taylor, LOFT, Lou & Grey, maurices, dressbarn, Lane Bryant, Catherines and Justice. The Roslyn S. Jaffe Awards honor Mrs. Jaffe's entrepreneurial spirit and commitment to giving back, while also celebrating the female entrepreneurs who give back to their local communities.

Media industry leaders including Adam Glassman, Creative Director of O, The Oprah Magazine, and Meredith Rollins, Editor in Chief of Redbook Magazine, alongside an esteemed selection committee with expertise in women's causes, public affairs, health and education selected the three winning organizations based on five criteria: their impact on women and/or children in the U.S., service of lower-to-middle class beneficiaries, use of innovative approaches, scalability, and overall need and use for funding.

In addition to receiving financial grants that can be used to further impact the winners' causes, these grassroots organizations will join the Roslyn S. Jaffe Alumni Summit where they will become part of a network of winners who benefit from an annual two-day conference that offers collaborations with other peer organizations. This Summit is one example of the ways in which the ascena Foundation continues its relationships with the winners of the Jaffe Awards program year to year in an effort to help them succeed and expand.

The 2017 Roslyn S. Jaffe Awards winners all positively impact women and/or children in low income circumstances, both in their local communities and nationwide. The 2017 winning organizations include:

   Michelle Horovitz, Tasha Powell and Princess Titus of Appetite for Change ($100,000 Grand Prize Grant Recipient)
   Appetite for Change uses food as a tool to build health, wealth and social change in North Minneapolis. Their programs include community cooking workshops, urban agriculture and organized food policy efforts. They train North Minneapolis youth in urban farming, food preparation and leadership, with a focus on providing direct career pathways to the food service industry.
   Maria Vertkin of Found in Translation ($25,000 Grant Recipient)
   Found in Translation is a Boston-based organization that helps bilingual women to overcome homelessness and poverty by capitalizing on their language skills and becoming professional medical interpreters. Through Found in Translation's workforce development program, women earn a Medical Interpreting Certificate, develop job skills and financial literacy, and receive job placement assistance upon completing the training.
   Karen Kalish of HOME WORKS! ($25,000 Grant Recipient)
   St. Louis-based HOME WORKS! aims to increase academic achievement, attendance, parental engagement, homework completion and attitudes about school, and decrease discipline issues. They train and help pay teachers and other school personnel to make home visits to forge a relationship with the parents/families/guardians and get them engaged in their child's education. Teachers get to know them, share information about the student, and give them the tools to help children do better in school and succeed academically and socially.

"Winning the Roslyn S. Jaffe Award is the greatest honor we've had as a team so far," says Michelle Horovitz, Co-Founder and Executive Director of Appetite for Change. She continues, "The three of us have been making lemonade since we started, and the award is recognition of our passion and hard work despite the bumps along the way. This funding is extremely meaningful for AFC and will help us grow more food, leaders and communities."

To celebrate the winning organizations, a luncheon will be held at Cipriani in NYC on October 26th. Soledad O'Brien, emcee of the event says, "This will mark my fourth year being a part of this unbelievable program.  I am always amazed to learn about the wonderful causes and organizations that are further empowering and helping women and children across the country. This year is even more relevant for women and I look forward to honoring the winners."

For additional information about the Roslyn S. Jaffe Awards and this year's winners, please visit www.jaffeawards.com.  

PR Contacts:
Kucerak + Co.
Lauren Kucerak/Kelly Cormier
Lauren@kucerakandco.com / Kelly@kucerakandco.com
212.510.8590

About Roslyn S. Jaffe
Roslyn S. Jaffe co-founded the first dressbarn store in 1962; currently she is Co-Founder, Secretary & Director Emeritus for Life of ascena retail group inc. She is a graduate of Simmons College, and was awarded an honorary Doctorate degree in management from Simmons College in 2011.

In 1962, Roslyn S. Jaffe was a working mother who, with her husband Elliott, saw a need and had a brilliant business idea - a one-stop-shop that offered the convenience of a value-based, yet fashion forward "work" wardrobe solution for busy women. Roslyn and Elliot seized the opportunity and opened a small store named dressbarn in Stamford, CT and helped transform it into what is now ascena retail group inc., a multibillion dollar family of brands including Ann Taylor, LOFT, Lou & Grey, maurices, dressbarn, Lane Bryant, Catherines and Justice.  A true trailblazer and entrepreneur, Mrs. Jaffe credits her success to strength, determination and a can-do attitude. But, most of all, she credits the company's success to a strong team of family, friends and associates.

Understanding the needs of her co-workers, many of whom were also "working moms," Roslyn Jaffe encouraged a close-knit community where associates could rely on each other. In addition, Mrs. Jaffe supported like-minded organizations in the community and was an early advocate for Dress for Success®, an organization that promotes the economic independence of disadvantaged women by providing professional attire, a network of support and the career development tools to help women thrive in work and in life. This "take care of your own" camaraderie is what inspired the company years later to establish ascena Foundation, the philanthropic organization.

About ascena Foundation
ascena Foundation, established by ascena retail group inc., is passionate about making a meaningful difference in the lives of others. ascena Foundation supports ascena's family of purpose-driven brands that focus their charitable giving for the benefit of women and children, and the causes most important to them.

About ascena retail group inc.
ascena retail group inc. (NASDAQ: ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant and Catherines), and for tween girls under the Kids Fashion segment (Justice).  ascena retail group inc. operates ecommerce websites and approximately 4,800 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.

View original content:www.prnewswire.com/news-releases/...affe-awards-300533640.html

SOURCE ascena retail group, inc.

This year's Breakfast of Corporate Champions kicked off with a call to action from tennis legend Billie Jean King, who founded the Billie Jean King Leadership Initiative with Teneo four years ago, to foster more inclusive leadership including more representation of women and diversity in corporate America. The highest honor, the Muriel F. Siebert Leadership Award, will be presented to Mary Barra, CEO of General Motors for under her leadership, the company became the first major industrial corporation to achieve gender parity on its board.

For more information on about ascena please visit www.ascena.com or to learn more about the Women's Forum of New York and the Women's Forum CEO-Sponsored Database, please visit www.womensforumny.org/.

About ascena retail group, inc.

ascena retail group, inc. (NASDAQ: ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant and Catherines), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,800 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.

About the Women's Forum of New York

The Women’s Forum of New York is the city’s premier organization of women leaders. The invitation-only membership of more than 500 women, representing the highest levels of achievement across all professional sectors from finance to fine arts, is dedicated to the advancement of women’s leadership through programs which enrich members lives personally and professionally, through The Education Fund which enables talented women whose potential has been disrupted by extreme adversity to resume their education, and through the Corporate Board Initiative, which extends and expands the contribution of women leaders through corporate board participation. Founded in 1974, the Women's Forum of New York is the flagship of the International Women's Forum, a global organization of over 6500 outstanding women leaders in over 74 Forums around the world.

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aufwärts :-)

Jaffe continued, “All of our enterprise transformation cost takeout workstreams remain on plan, and we are currently deploying the first phase of our new merchandise planning capabilities. We will continue to roll-out advanced capabilities in merchandise planning and marketing over the next 12 to 18 months, and we expect these capabilities will provide meaningful support to both the top line and gross margin rate.”

Jaffe concluded, “Our liquidity position remains strong, and we have the needed financial flexibility to complete the remaining components of our transformation program, which will see the Company emerge as a much more agile, capable competitor. We continue to evaluate all options to create and sustain shareholder value, including new growth channels and portfolio opportunities. While we were not pleased with this quarter's performance on the top line, we believe the capabilities we are building and the expense efficiencies we are driving will support significant flow-through as we improve our overall merchandise execution.”

Fiscal First Quarter Results - Consolidated

Overview

The current and prior year results include restructuring and other related charges incurred under the Company's Change for Growth program, certain acquisition and integration costs, as well as non-cash purchase accounting adjustments associated with the acquisition of ANN INC. ("ANN"), which was completed in Fiscal 2016. A summary of year-over-year changes in these items is presented in the notes to the unaudited condensed consolidated financial information, which are included herein.

Net Sales and Comparable Sales

Net sales for the first quarter of Fiscal 2018 were $1.590 billion compared to $1.678 billion in the year-ago period. The decrease in sales reflected the impact of a 5% comparable sales decline, which was caused primarily by a mid-single digit decline in average selling price, offset in part by double digit transaction growth in our direct channel. The three hurricanes which impacted the southern United States and Puerto Rico during the first quarter negatively impacted our sales by approximately $11 million.  

"My mother, or 'Mrs. J' as our associates affectionately refer to her, was a pioneer on many levels. She knew back in the 1960s that diversity and inclusion were good for business," said Jaffe. "I'm proud that ascena is being recognized by HRC for a culture that was established decades ago and is nurtured today. The rich diversity of our 64,000 associates makes us stronger together as we deliver best-in-class fashion and experience to all women and girls."

Jaffe acknowledged, "As yesterday marked the anniversary of the United Nations Universal Declaration of Human Rights, it makes this recognition that much more significant."

Jaffe's leadership team owns the culture and ascena's results in the marketplace and workplace. "Earning the HRC distinction of being a 'Best Places to Work for LGBTQ Equality' reflects the commitment we've made as a company and to diversity and inclusion as a whole," said Executive Vice President and Chief Human Resources Officer John Pershing, who also serves as executive sponsor of ascenaPRIDE, the Company's associate resource group for LGBTQ associates and their allies.

The focus of the Human Rights Campaign (HRC) aligns with ascena's commitment to corporate social responsibility and diversity and inclusion. Earlier this year, ascena was among 104 top businesses that sponsored the HRC's Business Coalition for the Equality Act, landmark federal legislation that affirms the same non-discrimination protections to LGBTQ people as other protected groups under federal law.

For more information about the 2018 Corporate Equality Index, visit www.hrc.org/cei.

About ascena retail group, inc. ascena retail group, inc. (NASDAQ: ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant and Catherines), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,800 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit:  ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.

About the Human Rights Campaign Foundation
The Human Rights Campaign Foundation is the educational arm of America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual transgender and queer people. HRC envisions a world where LGBTQ people are embraced as full members of society at home, at work and in every community.

Media Contact:
Sue Ross, ascena Corporate Affairs
218-491-2110
sue.ross@ascenaretail.com

View original content:www.prnewswire.com/news-releases/...designation-300568839.html

SOURCE ascena retail group, inc.

...außer mir!

von 2,70 Dollar...

....dann könnte es rasch in den Bereich 3,xx gehen

 dressbarn                                                  §
(13%)


Total ascena

(3%)

David Jaffe, Chief Executive Officer commented, “While holiday performance was mixed across our brand portfolio, we were pleased with the continued comp acceleration at Justice, along with the significant trend improvement at both LOFT and Lane Bryant, which were five points better than the prior quarter. As we discussed in our December call, we are aggressively addressing merchandising issues at dressbarn, and anticipate trend improvement as we get into the Spring season. Quarter to-date enterprise comparable sales are down 3%, and we are reaffirming our second quarter earnings guide of a 7 to 12 cent loss per share, excluding the potential impact from recently enacted tax reform.”

About ascena retail group, inc.

ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant, Catherines and Cacique), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,800 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.



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(c)Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.

“I’m very excited to join ascena and contribute to the company’s transformation and growth efforts by leading Lane Bryant, Catherines and Cacique,” said Mr. Hunter.

About ascena retail group, inc. ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant, Catherines and Cacique), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,800 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.

About ascena retail group, inc. ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant, Catherines and Cacique), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,700 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.



View source version on businesswire.com: www.businesswire.com/news/home/20180129005331/en/

(c)Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.