Ascena retail group, inc. via its retail brands operates ascena retail group, inc. (Nasdaq: ASNA) is a nationwide specialty retailer offering apparel, shoes, and accessories for girls underneath the Premium Vogue ( Ann Taylor , LOFT, and Lou & Gray) and Plus Trend ( Lane Bryant , Catherines and Cacique) segments, and for tween girls below the youngsters Trend phase (Justice). Ascena Retail Group, Inc. (Nasdaq: ASNA) is a national specialty retailer offering apparel, shoes, and accessories for women below the Premium Style section (Ann Taylor, LOFT, and Lou & Gray), Plus Style section (Lane Bryant, Catherines and Cacique) and for tween ladies below the kids Fashion phase (Justice). MAHWAH, N.J., March 30, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq: ASNA) (“ascena” or the “Company”) today introduced extra measures being taken to mitigate the monetary influence of COVID-19. Gary Muto, Chief Executive Officer of ascena commented, “We have been repeatedly monitoring the impact of COVID-19 and are putting our associates, customers and neighborhood at the center of every part that we do.
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Ahead-looking statements are statements related to future, not past, occasions, and sometimes comprise words resembling “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range,” together with, with out limitation, compensation of the Company’s govt officers and different impacts of the COVID-19 pandemic on the Company’s business. The corporate does not undertake to publicly update or evaluation its forward-wanting statements even when expertise or future changes make it clear that its projected results expressed or implied will not be achieved. The corporate does not undertake to publicly replace or overview its ahead-looking statements even when expertise or future modifications make it clear that our projected outcomes expressed or implied will not be achieved. Certain statements made within this press release could represent “forward-looking statements” within the meaning of the Private Securities. Certain statements or information made within this press release might constitute “forward-wanting statements” within the which means of the Private Securities Litigation Reform Act of 1995. Such forward-trying statements are subject to certain dangers and uncertainties that could cause precise results to differ materially.
As famous when the company reported its results for the second quarter of fiscal 2020, ascena is working a business with vital liquidity, with over $600 million in cash and revolver availability as of the tip of the second quarter. The agriculture business in India thundered in the 20th century, and with it came the realization that if there could be more yield of each plant, a grower may work the identical hours however probably they'll double their business and profit. As they work collectively, switching locations, this lets one another rest slightly, reduces wind resistance and likewise speeds your skis. The Company’s precedence is the safety and nicely-being of its associates and it'll follow all federal, state and local regulations in its distribution centers, together with the assignment of associates to staggered shifts, elevated cleansing, and the separation of labor stations by no less than six ft. Distribution centers will stay open at this time, operating at limited capacity to service the Company’s eCommerce business.
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