Ascena Retail Group mulls its options after tough Q2

Ascena Retail Group on Thursday reported that second quarter net sales fell to $1.69 billion from $1.72 billion in the year-ago period. Total company comps rose 2%, according to a company press release. By segment, the premium brands Ann Taylor and Loft each saw comps rise 10%. At the value brands, Maurices comps rose 1% as Dressbarn fell 1%. At plus, Lane Bryant comps tumbled 8% and Catherines fell 4%...comps rose 2%.
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