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Ascena CEO: Plan in place to save 7,500 Fashion Bug jobs, 600 Charming HQ jobs
Philadelphia -- 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, which owns the Dressbarn, Justice and Maurices banners, acquired Charming Shoppes – and its Lane Bryant, Fashion Bug and Catherines brands – on June 15.
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TJX, Ross continue discounter dominance
FRAMINGHAM, Mass. and PLEASANTON, Calif. — Fashion discounters continue to thrive in this economy, with TJX and Ross Stores continuing to report impressive monthly sales results.
TJX reported June sales of $2.3 billion, an increase of 9% over the $2.1 billion achieved during the same period last year. Consolidated comparable-store sales for the five-week period increased 7% over last year.