The issue starts at the top. Jaffe is too busy trying to please Wall Street and not building the company. He visits his buddy Jim Cramer all the time. He is what he is, and acquisitions person who is extremely poor at running this company anywhere but into the ground. He overextended ascena into debt when buying Ann. The company is prime to be taken over right now.
It's about time David Jaffe and his pet monkey Brian Lynch are gone. They ruined the business because neither one was a retailer or a merchant. I love it! Selling off Maurices, shuttering Dressbarn stores. It's about time. Oh and HA! to the fake news about saving $300mm. I worked for them for years/decades. It's ALL smoke and mirrors. Leaving ASNA? Best thing that ever happened to me. Meanwhile Jaffe and Lynch are sitting back with their millions and the hard working "real people" have to clean up the mess.