Ascena reveals holiday season sales | Retail News USA
Home » News » Retailers News » Ascena Reveals Holiday Season Sales

Ascena reveals holiday season sales


READ MORE ON Apparel RetailerAscenaFinancial ReportHoliday Season

Financial Report

Image Courtesy:

Ascena Retail Group Inc, a US-based leading specialty retailer offering apparel, shoes, and accessories for women under the premium fashion segments, has announced its comparable sales for the holiday season . For the combined nine-week period of November and December, consolidated comparable sales of the retailer were down 4.4 per cent.

All four segments of the company are showing decreasing sales: Premium Fashion sales dropped (-) 4.2 per cent; Ann Taylor noted (-) 8.2 plunge; LOFT noted (-) 1.8 per cent decline; Value Fashion sales decreased by 6 per cent; maurcies (-) 7.1 per cent; and dressbarn (-) 4.6 per cent. Plus Fashion sales also down surged by (-) 3.7 per cent; (-) 5.1 for Lane Bryant brand; (-) 1.6 per cent for Catherine; and Kids Fashion sales dropped (-) 2.7 per cent.

Also ReadUrban Outfitters reports 3% rise in net sales

David Jaffe, President and CEO, Ascena stated, “We were disappointed by our overall Holiday performance. Outside of discrete peaks during the holiday season, we experienced stronger than expected store traffic headwinds. We are planning for upcoming challenges. We continue to aggressively work our Change for Growth enterprise transformation, and are focused on expense management opportunities to help us navigate the challenging environment.”


Have some news? Let us know on

Recommended by Apparel Resources

MANGO opens new flagship store in Madrid

With an aim to consolidate its presence in Spain, fashion retailer MANGO has unveiled its new flagship store in Madrid. MANGO, founded in...

Diesel to launch its first mono-brand store in Myanmar

Italian apparel brand Diesel is venturing into Myanmar with its first mono-brand outlet at Yangon International Airport. The first Asian travel retail store...

Ted Baker sees surge in US, Canada sales; looks for expansion

Luxury clothing retailer Ted Baker has noted growth in its revenue of 16.4 per cent to Euro 531 million. The brand also saw raise in its pre-tax profit of 12...

Kraig Biocraft Laboratories Awarded Investment Certificate in Vietnam

ANN ARBOR, Mich., March 27, 2017 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) (“Company”), the leading developer of spider silk based fibers, announced today that it has just been...

Macy’s, G-III sign deal for DKNY women’s apparel and accessories

Macy's Inc., one of the USA's premier retailers, and G-III Apparel Group Ltd., a leading manufacturer and distributor of apparel and accessories under...

Walmart to grow its footprint in India; open 50 new stores

US-based leading multinational corporation Walmart has decided to expand its footprint in India by opening 50 new stores in next three to four...

PVH Corp. inks deal with Li & Fung Limited

PVH Corp., one of the largest apparel companies in the world, has entered into agreements with Hong Kong-based Li & Fung Limited, world...

Francesca’s sales up 9% in Q4

US-based apparel retailer Francesca's has reported that its fourth quarter net sales rose 9 per cent to US $ 146.3 million. Same-store sales...

Perry Ellis’ third quarter revenue tumbles 4.7%

US-based clothing retailer, Perry Ellis International, has announced its fourth quarter results, showing 4.7 per cent decline in total revenue from US $...

Duluth Holdings Celebrates Grand Opening of its Eighteenth Store in Burlington, Massachusetts

BELLEVILLE, Wis., March 23, 2017 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ:DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories,...