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Ascena Retail Group, Inc. (NasdaqGS: ASNA) Company Profile

Ascena is a specialty retailer offering apparel, shoes and accessories for women and tween girls under four segments: Premium Fashion, Value Fashion, Plus Fashion and Kids Fashion. The company operates approximately 4,600 stores int the US, Canada, and Puerto Rico through the brands Ann Taylor, Loft, Maurices, Dressbarn, Lane Bryant, Catherines, and Justice brands. It also sells online, including anntaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, catherines.com, and shopjustice.com. The company was founded in 1962 and is based in Mahwah, New Jersey. It was known as Dress Barn, Inc. until 2011, when it changed its name to Ascena Retail Group, Inc.

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Background on Amazon and Retail

US Retail Bankruptcies Are at Post-recession Peak
• Year to date, 14 retailers have filed for bankruptcy
• That is more than the number of filings over the entire year
in 2016
• Retail bankruptcies are on track to reach their highest level
since 2009, when 18 retailers filed for bankruptcy
• And there are likely more to come

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