Ascena Retail Group Inc. (NASDAQ: ASNA) was founded in 1962 and is headquartered in Mahwah, New Jersey, USA, with 146,000 full-time employees. It is a clothing retail giant focusing on women’s clothing.
Ascena Retail (ASNA):
The predecessor of ASNA was Dress Barn, Inc., which was changed to its current name in January 2011. ASNA’s products include clothing, accessories, footwear, underwear, workwear and casual sportswear, and daily necessities, such as bedroom furniture and electronic products, as well as dresses, office wear, suits and sportswear. The company’s apparel brands include :
Justice (for underage girls), Brothers, Lane Bryant, Cacique, Right Fit, Maurices, Studio Y, Dressbarn, Catherines, Maggie Barnes, Liz&Me and Serenada.
ASNA mainly operates through five subordinate departments, namely Lane Bryant, Cacique, maurices, dressbarn and Catherines. The target customers are young women and women of larger size. As of July 29, 2017, ASNA has 4,800 stores in the United States and Canada. .
Ascena Retail (ASNA) investment:
It is reported that ASNA will acquire 1,030 apparel retail brands ANN before the market on May 18, 2015, causing ASNA’s pre-market surge to increase by +6.72%. It is reported that Ascena retail group (ASNA) will be priced at US$47 per share, which is 2015 It acquired the fashion company Ann (ANN) at a premium of 21.4% from the closing stock price on May 15, 2015. The transaction was completed in August 2015.