Ascena Retail
This company is responsible for retailers like Dress Barn, Ann Taylor, Lou & Grey, and LOFT. According to RetailDive, things have not improved even when they hired a new chief for Dress Barn. To save the brand, it’ll close 25 percent of its stores by 2019. RetailDive also reported that Ascena was expecting a $1.7 billion sales in the 2017 fiscal year.
Ascena Retail
The retailer reported in March that its top-line sales dropped year over year. However, in May things seem to be looking up as Moody’s, a financial services company, said that Ascena “is on a path to developing a strong ‘backbone’ of retail capabilities.” Stein Mart has similar struggles but is also on the mend.
Stein Mart
This discount department store based in Jacksonville has been struggling with its sales but is seeing some light in the proverbial tunnel! Stein Mart has managed to put some balance in their sales and their digital revenue has increased by 47 percent in the latter half of 2017. The company did report a $23.4 million bottom-line loss for the year but has further added that the loss was decreased by 10 percent.
Stein Mart
It looks like there is no need to worry about our favorite discount store! The store did announce earlier this year that they have sought the help of some advisors to find viable solutions to their problems. According to RetailDive, in March, Stein Mart even closed on a $50 million term loan which they could increase. However, another company, JC Penney, doesn’t seem to have the same promising future as Stein Mart.
