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Ascena to Build Cash Position and Return to ‘Sustainable Growth’ After Q4 Loss

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

Ascena Retail Group was expected to post fourth-quarter profits, but managed only to beat Wall Street’s expectations for sales in the quarter. In a Nutshell: Ascena ended up in the red for the quarter ended Aug. 3, hurt by higher promotional activity to clear out elevated inventory levels. Interim executive chairman Carrie Teffner didn’t rule…

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