In keeping with its strategy of growing brand presence and
facilitating improved supplies at its stores
Ascena Retail Group Inc.
) is inaugurating its new services office complex and national
distribution center, today.
Located at 200 Heritage Drive in Pataskala, OH, the new 880,000
square feet center will house about 850 employees. The company
announced the construction of this new facility, close to the
company's existing distribution center in Ohio, in January last
Of the total floor space, about 120,000 square feet will be
occupied by the company's Shared Services Associates who render
information technology, sourcing and centralized procurement
related services to all of Acsena's retail brands including Lane
Bryant, Justice, maurices, dressbarn and Catherines. The remaining
760,000 square feet will be a part of the company's distribution
center that also serves all of Ascena's retail brands.
The new state-of-the-art office building is designed to feature an
onsite café, fitness center and coffee bar along with unique
collaborative work stations. Further, the new business center
provides opportunity to create new jobs and improve the local
Moreover, this superb new facility is expected to complement the
company's store growth and brand development plan. Notably, Ascena
remains keen on a thorough growth of its business as it continues
to focus on expansion of its brand outlets. This is evident from
the company's current pace of opening branded outlets including
Lane Bryant, maurices and dressbarn stores.
The company's recent store openings for various brands include 3
dressbarn stores opened last week and 15 maurices stores, including
7 new store openings and 8 re-openings of remodeled stores, opened
in June. Moreover, the company has opened about 24 new Lane Bryant
stores since March-end 2014 and re-opened 1 remodeled store.
Currently, Ascena has nearly 775 Lane Bryant full-line and outlet
stores, over 850 dressbarn and more than 900 maurices stores in
Ascena Retail Group is a specialty retailer that offers clothing
for women as well as teen girls and boys. The company provides
apparel, accessories, footwear, undergarments and lifestyle
products such as bedroom furnishings and electronics. The company's
operating segments include Justice, Lane Bryant, maurices,
dressbarn and Catherines. Some of the popular brands sold by the
company include Justice, Brothers, Lane Bryant, Cacique, Right Fit,
maurices, Studio Y, dressbarn, Catherines, Maggie Barnes,
Liz&Me and Serenada.
As of Apr 26, 2014, Ascena operated nearly 3,900 stores in the
United States, Puerto Rico and Canada. In its last earnings
release, the company outlined its plan to open about 40-60 stores
during fiscal 2014.
Ascena currently carries a Zacks Rank #3 (Hold). Better-ranked
stocks among apparel and shoe retailers include Citi Trends Inc. (
), The Men's Wearhouse Inc. (
) and Kate Spade & Co. (
), all carrying a Zacks Rank #1 (Strong Buy).
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