Home / Knowledge / News / Apparel/Garments / 'We were very pleased with our sales', CEO - Ascena Retail
'We were very pleased with our sales', CEO - Ascena Retail
11
Jan '11
Ascena Retail Group Inc announces it is raising earnings per share guidance for its fiscal year ending July 30, 2011.

As a result of better than expected holiday season sales and margin performance, the Company is raising its non-GAAP diluted earnings per share guidance for fiscal 2011 to a range of $2.20 to $2.25 from its previous guidance of $2.05 to $2.15.

David R. Jaffe, President and Chief Executive Officer commented, "We were very pleased with our sales and margin performance at each of our brands over the important holiday season. With overall stronger than expected comp sales, we sustained our full-priced sell through rates and outperformed our expectations through excellent profitability. This was particularly true for maurices, which led our performance during the holiday season. We were also very pleased with Justice's better than anticipated gross profit performance."

The Company noted that comparable store sales for the holiday season, comprising the period from Thanksgiving Day to January 2, 2011, increased 7% on a consolidated basis. By brand, dressbarn increased 4%, maurices increased 16% and Justice increased 4%.

Ascena Retail Group Inc is a leading national specialty retailer of apparel for women and tween girls operating under the dressbarn, maurices and Justice brands. The Company operates 2,489 stores.

Ascena Retail Group Inc


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search