Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) were down 28.6 percent on September, 20 after presenting weak fourth-quarter results and a bleak outlook. The stock hit its lowest price in over seven years. As highlighted by analysts, the main reason for such a dip were lower-than –expected profit and same-store sales for the period. In a report...
Oct 4, 2016
Ascena Retail Group (ASNA) has acquired Ann Inc. (ANN), owner of the Ann Taylor and Loft brands and retail stores, for about 2.16 billion dollars. The deal is expected to be finalised in the second half of this year and will be financed through bank debt. Ascena announced it will acquire Ann for 47 dollar per share in cash and stock. News of the...
May 19, 2015
Contract negotiations between West Coast dockworkers and port terminal operators are being followed quite closely by retailers of all sorts, as months of dealing, delays and other issues might cost retailers up to seven billion dollars. According to a Kurt Salmon analysis, congestion at West Coast ports could cost retailers as much as seven...
Feb 9, 2015
