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Ascena Trims Costs to Amp Up Q1 Operating Income

Ascena Retail Group Inc. continues to right-size its operating structure, including pruning back its Dressbarn business. In a Nutshell: “We are pleased to have exceeded our adjusted operating income expectations for the first quarter through better than expected improvement in operating expenses,” Ascena CEO Gary Muto said. Ascena generated $40.2 million in operating income for…

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