The New Jersey-based owner of Ann Taylor, Lane Bryant and other brands, slipped into net loss in the fourth quarter, reporting a slight dip in sales of 4.3% as it continues to wind down its Dress Barn value banner.
Lamadrid, who most recently served as senior vice president, finance and chief accounting officer, has been promoted to the role of executive vice president and chief financial officer, effective August 4.
Weeks after it announced the shuttering of its Dressbarn brand, the Mahwah, New Jersey-based fashion retailer reported a narrower-than-expected adjusted net loss in the third quarter but disappointed with stagnant sales.
Ascena Retail Group has announced that its Dressbarn brand is planning to begin a wind down of its operations, yet another step in its parent company’s efforts to turn its business around and improve shareholder value.
The American womenswear retail group announced on Monday that it has completed the sale of value fashion brand Maurices to an affiliate of OpCapita LLP, the latest step in the company’s ongoing transformation plan.
The owner of Dressbarn, Ann Taylor and Lane Bryant, among others, revealed on Wednesday that, after more than two decades at the company, David Jaffe is retiring as CEO, a role in which he will be replaced by Gary Muto.
The American women's clothing retailer has agreed to sell a majority interest in its subsidiary, Maurices, to an affiliate of private equity firm OpCapita LLP, as part of its review to enhance shareholder value.