Li & Fung has announced an exclusive category licensing agreement with Loft to expand the latter’s offerings within the high-growth swimwear category. The company said in a release, Li & Fung will develop a new line of women’s swimwear that debuts for fall 2024 at full price retailers nationwide featuring an assortment of one-piece swimsuits,...
Nov 12, 2024
KnitWell Group brands Ann Taylor and Loft have struck up a new agreement with Centric Brands that will see them make a return to Canada through exclusive retail partner, Hudson’s Bay. The womenswear labels exited the region in 2020 after their former parent company, Ascena, filed for bankruptcy in the US. Now under new ownership, Ann Taylor and...
Oct 1, 2024
Private equity firm Sycamore Partners has formed a new holding company comprising apparel brands Ann Taylor, Loft and Talbots. Under the banner of KnitWell Group, the three labels generate more than three billion dollars in annual sales, positioning the group as one of the largest specialty apparel companies in the US, according to Sycamore....
Aug 31, 2023
Ascena Retail Group, inc. has announced that FullBeauty Brands Operations, LLC will acquire Catherines’ intellectual property assets for a base purchase price of 40.8 million dollars and potential upward adjustment for certain inventory. The company also said that The United States Bankruptcy Court for the Eastern District of Virginia has...
Sep 22, 2020
Ascena Retail Group, inc. has entered into a restructuring support agreement (RSA) with over 68 percent of its secured term lenders. The company said in a statement that the plan is expected to reduce Ascena’s debt by approximately 1 billion dollars and provide increased financial flexibility to enable the company to continue its focus on...
Jul 23, 2020
Ascena Retail Group, inc. reported net sales for the second quarter of 1,217 million dollars compared to 1,271 million dollars in the year-ago period, reflecting a comparable sales decrease of 2 percent, a decline in other revenue and a decrease in non-comparable sales. Gross margin decreased to 635 million dollars from 660 million dollars,...
Mar 10, 2020
Net sales for the first quarter at Ascena Retail Group were 1,297 million dollars compared to 1,339 million dollars in the year-ago period, which the company said reflect flat comparable sales for the quarter and a decrease in non-comparable sales which include the impact of the store closures. The company reported net income from continuing...
Dec 10, 2019
Net sales for the fourth quarter of fiscal 2019 at Ascena Retail Group, were 1,454 million dollars compared to 1,520 million dollars in the year-ago period, reflecting flat comparable sales for the quarter and the unfavourable impact resulting from the 53rd week recorded in the prior fiscal year. The company said in a statement that gross margin...
Oct 4, 2019
Ann Taylor Loft has launched a new subscription service for size inclusive clothing rentals. Called Infinite Style, the new service functions similarly to Rent the Runway's Unlimited subscription in that it allows users to rent items with unlimited swaps for a flat monthly fee. Infinite Style by Ann Taylor costs 65 dollars per month and allows...
May 10, 2019
Ascena Retail Group, Inc. for its second quarter reported a net loss of 72 million dollars or 36 cents per diluted share compared to 39 million dollars or 20 cents per diluted share, in the year-ago period, as the company said, an increase in comparable sales was more than offset by the impact of a lower gross margin rate and a lower benefit...
Mar 15, 2019
Consumers looking for affordable womenswear online are soon to have two more options, as Ann Taylor Factory and Loft Outlet are both launching e-commerce websites. While loftoutlet.com is already online, the website for off-price Ann Taylor clothing is set to launch on Tuesday, June 26. Both brands are owned by Ascena Retail Group, one of the...
Jun 21, 2018
Ann Taylor and LOFT Brands just announced that they exceeded their fundraising goal of 5 million dollars for the Breast Cancer Research Foundation. The combined brands surpassed their goal six months ahead of their schedule, creating a new landmark for the fundraiser. "This year's record-breaking $5 million donation is a testament to the...
Dec 15, 2017
