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Ascena Retail banks on omnichannel following ‘mixed’ Q4 results
Following fourth quarter results that missed Wall Street expectations, Ascena Retail is looking ahead to fiscal 2015, which CEO David Jaffe said will see the continuation of a critical, multi-year investment to build the company’s omnichannel platform.
The company reported net earnings of $15.7 million, compared with $29.8 million in the year-ago period.
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Toys ‘R’ Us plans 45,000 holiday hires
Wayne, N.J. – Toys ‘R Us Inc. plans to hire 45,000 seasonal employees at its stores and distribution centers nationwide, more than doubling the company’s workforce, as it prepares for the 2014 holiday shopping season.
The positions include sales associates, stock crew and omnichannel fulfillment teams, as well as distribution center workers and department managers.