The Mahwah, New Jersey-based fashion retailer announced declining sales and widening losses in the second quarter on Monday, but reassured shareholders that it is making progress with its turnaround efforts.
The Mahwah, New Jersey-based womenswear retail group’s board of directors approved a 1-for-20 reverse stock split on Thursday, in an effort to comply with the Nasdaq’s minimum share price and stave off delisting.
Weeks after it announced the shuttering of its Dressbarn brand, the Mahwah, New Jersey-based fashion retailer reported a narrower-than-expected adjusted net loss in the third quarter but disappointed with stagnant sales.
Ascena Retail Group has announced that its Dressbarn brand is planning to begin a wind down of its operations, yet another step in its parent company’s efforts to turn its business around and improve shareholder value.
The owner of Dressbarn, Ann Taylor and Lane Bryant, among others, revealed on Wednesday that, after more than two decades at the company, David Jaffe is retiring as CEO, a role in which he will be replaced by Gary Muto.
One of the largest textile sourcing shows on the East Coast, Texworld USA will come to NYC's Javits Center for a round of talks on sustainability and more. The trade show will run from January 21 through January 23.