Ascena Opens More Lane Bryant Stores - Analyst Blog
29 10월 2013 - 4:00AM
Zacks
Recently, Lane Bryant, a unit of Ascena Retail Group
Inc. (ASNA), took its initiative to offer ‘fashion for
everyday and style just for you' a step ahead by declaring the
opening of three new stores, one each in the states of South
Carolina, South Dakota and Pennsylvania. Simultaneously, the
company announced the reopening of a repositioned store in
Pennsylvania. The stores opened with a weekend celebration on Oct
25.
Located at Commons at Magnolia in Florence, S.C., the new Lane
Bryant store will share floor space with eminent retailers such as
Target Corp. (TGT), Bed Bath & Beyond
Inc. (BBBY) and David's Bridal. In South Dakota, the
company opened a new Lane Bryant store at the Rushmore Crossing
shopping center in Rapid City. The mall boasts the presence of
leading retailers like ULTA Beauty, a retail outlet of Ulta
Salon, Cosmetics & Fragarance Inc. (ULTA); Justice and
Dressbarn, both of which are units of Ascena Retail Group. In
Pennsylvania, the company’s new store joined a brigade of retailers
including DSW Designer Shoe Warehouse, a unit of DSW
Inc. (DSW); Dressbarn and Catherines, both of which are
units of Ascena Retail Group; and Marshall's, a subsidiary of
The TJX Companies Inc. (TJX); at the Miracle Mile
Shopping Center in Monroeville.
Further, the company moved its Lane Bryant store outside of The
Promenade at Millcreek Mall in Erie, Pa.
During the opening weekend celebration, the company distributed 150
$25 Lane Bryant gift cards to its customers at each of these
stores.
Lane Bryant is a renowned women's curvy specialty apparel retailer,
offering designer and high-quality fashion in sizes 14-28. The
brand’s assortments consist of an extensive range of formal and
casual apparel, together with accessories, footwear, hosiery and
Cacique – the brand’s intimate apparel range. Lane Bryant operates
over 800 full-line and outlet stores in 48 states across the United
States, targeting plus-size women aged between 30–45, and serves to
women's sizes 14–28.
Ascena Retail Group is a specialty retailer dealing in clothing for
women, and teen girls and boys. This Zacks Rank #3 (Hold) company
offers apparel, accessories, footwear, intimates, and lifestyle
products, including bedroom furnishings and electronics. The
company’s operating segments include Justice, Lane Bryant,
Maurices, Dressbarn, and Catherines. Some of the popular brands
sold by the company include Justice, Brothers, Lane Bryant,
Cacique, Right Fit, Maurices, Studio Y, Dressbarn, Catherines,
Maggie Barnes, Liz&Me, and Serenada.
As of Sep 24, 2013, the company operated nearly 3,900 stores in 48
states, the District of Columbia, Puerto Rico and Canada.
In its last earnings release, Ascena outlined its plan to open
about 180–190 new stores during fiscal 2014 while shuttering
115–125 stores.
ASCENA RETAIL (ASNA): Free Stock Analysis Report
BED BATH&BEYOND (BBBY): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
TJX COS INC NEW (TJX): Free Stock Analysis Report
ULTA SALON COSM (ULTA): Free Stock Analysis Report
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