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Ascena names chief merchant for Maurices
Suffern, N.Y. -- Ascena Retail Group, parent to the Lane Bryant, Maurices and Dressbarn banners among others, said Monday it has named Erin Stern EVP and chief merchandising officer of its Maurices brand, effective April 15.
Stern spent the majority of her career at Gap in the Old Navy division, and also served as chief merchant for Juicy Couture and president of Bebe Sport. -
Dollar General Q4 earnings rise; 635 stores on tap for fiscal 2013
Goodlettsville, Tenn. -- Dollar General reported Monday net income of $317 million for the quarter ended Feb. 1, compared with $293 million in the year-ago period, beating Wall Street expectations. The company also forecasted 2013 sales growth of 10%-12%, slightly below analysts’ views.
Revenue edged up 0.5% to $4.21 billion in the quarter, missing Wall Street’s expected $4.26 billion. Same-store sales rose 3%.
For the full year, profit grew to $953 million from $767 million, and revenue rose 8.2% to $16.02 billion.