Ascena Retail Group Inc. reported its fiscal third-quarter net income dropped nearly 37% amid costs related to its acquisition of Charming Shoppes and a charge tied to debt extinguishment.

A&G Realty Partners announced Monday that former executive VP of real estate for Charming Shoppes, Jonathon Graub, has joined the firm as principal.

Ascena Retail Group reported that adjusted net income for the quarter ended Jan. 26 dropped to $42.9 million, compared with $63.7 million in the year-ago period, due in large part to expenses associated with the company’s acquisition of Charming Shoppes.

A&G Realty Partners said Tuesday it has been retained by Charming Shoppes to exclusively manage the resolution of all remaining Fashion Bug real estate leases in the United States.

Ascena Retail's net income plunged 94% in its fiscal fourth quarter, dragged down by costs related to its acquisition of Charming Shoppes Inc.

Ascena Retail Group CEO David Jaffe has pledged to preserve the jobs of 7,500 employees at soon-to-be-shuttered Fashion Bug stores, as well as 600 workers at the headquarters of Charming Shoppes, according to an article in the Philadelphia Inquirer.

Ascena Retail Group said that it has completed its acquisition of Charming Shoppes.

Ascena Retail Group Inc. announced it has successfully completed its tender offer for Charming Shoppes Inc.'s outstanding shares.

Charming Shoppes reported Friday that net income for the first quarter plummeted 31.7% to $17.8 million, from $26 million in the year-ago period.

The retail industry is still assessing the impact of two major deals that occurred within 24 hours of each other.

Charming Shoppes has selected Oracle Retail to drive growth across its multiple platforms and brands.

Supply chain optimization provider Manhattan Associates said Wednesday that Charming Shoppes has selected solutions from the Manhattan SCOPE supply chain portfolio to optimize its distribution, transportation and distributed order processes in its Greencastle, Ind., distribution center.