Ascena Retail Group (ASNA) Announces Transformation Plan
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ascena retail group, inc. Announces ‘Change for Growth’ Profit Enhancement Program, and Related Organizational Changes
October 4, 2016 6:05 PM EDT-- Expects Additional $100 - $150 Million in Cost Savings by Fiscal 2019 --
-- Reschedules Investor Day to January 18, 2017 --
MAHWAH, N.J.--(BUSINESS WIRE)-- After more than six months of extensive planning, ascena retail group, inc. (NASDAQ: ASNA) (the Company) today begins the execution phase of its major enterprise transformation plan. In addition to the ongoing implementation of its $235 million cost-savings initiative associated with its integration of ANN INC., the Company expects its new Change for Growth program will deliver an incremental $100 - $150... More