Home / Knowledge / News / Apparel/Garments / Justice sales up, Ascena Retail
Justice sales up, Ascena Retail
04
Feb '11
Ascena Retail Group Inc reported stronger than anticipated fiscal 2011 second quarter sales results. Net sales for the thirteen week fiscal second quarter ended January 29, 2011 increased 27% to $752.1 million compared to $594.1 million for the thirteen week fiscal second quarter ended January 23, 2010.

The overall increase was primarily due to an increase of Justice sales of $116.7 million which included thirteen weeks this year compared to the period from the merger date of November 25, 2009 to January 23, 2010 last year. Consolidated comparable store sales during the second quarter, for stores open at least one year, increased 9%.

Net sales for the six month period ended January 29, 2011 increased 47% to $1.465 billion compared to $998.2 million for the six month period ended January 23, 2010. The overall increase was primarily due to an increase of Justice sales of $407.3 million which included twenty-six weeks this year compared to the period from the merger date of November 25, 2009 to January 23, 2010 last year. Consolidated comparable store sales during this six month period increased 6%.

Commentary
David R. Jaffe, President and Chief Executive Officer commented, "We are pleased to have sustained our sales momentum and strong rate of profitability through the holiday season. We believe that our merchandise assortments and inventory levels are appropriate for our current business trends and are excited about our continuing opportunity to deliver better than expected results and leverage our strong market positions to create additional value."

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 2,478 stores.

Ascena Retail Group Inc

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
May 2017

May 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