244
Fashion Jobs
H&M
Visual Merchandiser Manager- Newmarket
Permanent · AUCKLAND
L'OREAL GROUP
Operations & Transport Manager
Permanent · AUCKLAND
ABBOTT
Tpm Contract Manufacturing Manager
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Optometrist - Opsm Rotorua
Permanent · ROTORUA
DANGERFIELD
Online Coordinator
Permanent · AUCKLAND
PUMA
Key Account Manager nz
Permanent · AUCKLAND
L'OREAL GROUP
Key Account Manager
Permanent · AUCKLAND
PETER ALEXANDER
Part Time - Sales Assistant - Peter Alexander nz - Queenstown
Permanent · QUEENSTOWN
FOOT LOCKER
Sales Associate Casual
Permanent · LOWER HUTT
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Manukau
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Dunedin
Permanent · DUNEDIN
ESSILORLUXOTTICA GROUP
Retail Associate | Opsm Rangiora Eyecare
Permanent · CANTERBURY
PETER ALEXANDER
2 x Casual - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
PETER ALEXANDER
2 x Part Time - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
LULULEMON
Assistant Manager | Christchurch (Tuesday - Saturday Rotation)
Permanent · CHRISTCHURCH
ICEBREAKER
Icebreaker : Sales Associate, Casual - Wellington Airport Touchlab
Permanent · WELLINGTON
DFS
Personal Shopper
Permanent · AUCKLAND
H&M
Department Manager- Chartwell (Hamilton)
Permanent · HAMILTON
H&M
Store Manager Wellington
Permanent · WELLINGTON
H&M
Sales Advisor- 28h
Permanent · AUCKLAND
H&M
Assistant Store Manager- Sylvia Park
Permanent · AUCKLAND
H&M
Department Manager- Sylvia Park
Permanent · AUCKLAND
Published
Mar 7, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Ascena comparable sales slip 2% while restructuring continues to take its toll

Published
Mar 7, 2018

Mahwah, New Jersey-based Ascena Retail Group, Inc. reported its results for the second quarter of fiscal 2018 on Monday, with comparable sales faltering in the company’s value and premium fashion.


Ascena suffered from a fall in store footfall in its value fashion segment in the second quarter - Dressbarn

 
Net loss for the period totaled $39 million compared to $35 million in Q2 2017, while operating loss was $36 million compared to $45 million in the same period in the previous year.
 
Net sales for the period decreased from $1.748 billion in Q2 2017 to $1.719 billion, largely due to a 2% decline in comparable sales. The company attributed this slump to a fall in store traffic in its value fashion segment and assortment misses in its premium fashion segment, which were partially offset by comparable sales growth in kids fashion, which was in the high single digits.

Both Ascena’s current and prior year results for the period were impacted by the company's Change for Growth restructuring program and also continued to see the effects of charges associated with the acquisition and integration of Ann Inc. completed in 2016.
 
“While we’ve made significant progress on our enterprise transformation, we must deliver improved top-line performance. We believe we’ve made needed changes in key leadership roles across our brands, and are well positioned to reinvigorate growth from our core”, stated Ascena CEO David Jaffe.
 
As part of its restructuring program, Ascena has implemented a number of changes in its leadership over the past few months, most recently appointing new presidents at Dressbarn and Lane Bryant.

Other brands in the Ascena portfolio include Ann Taylor, Maurices and Justice.
 
For the third quarter 2018, the company estimates that operating income will be in the range of $5 to $20 million, while comparable sales will be down between 3% and 5%.

Copyright © 2024 FashionNetwork.com All rights reserved.