Thread regarding Ascena Retail Group Inc. layoffs

Earnings call recap:

We didn't learn or change a thing from a year ago except we used up all our cash on hand. The loses incurred wasn't our fault, our customers just aren't smart enough to buy our products at the time we put them out 3 seasons ahead. Leaving us with extra inventory that we have to slash to move, oh and are out of style by that time. But hey we will continue to do nothing in this digital commerce world and simply move the retail store's shelves around every 2 weeks. We are innovators @ Ascena

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| 1840 views | | 6 replies (last )
Post ID: @OP+ZuJptzI

6 replies (most recent on top)

Employees at store level are hard working and do really try to do a good job . But Catherine’s has poor management all the way up the chain . Customers would buy more if they carried what customers want . Sm are given who dm wants to get rid of and then poor sales is the poor clerks fault . And open door is a joke Sue and Amy deserve to get the ax . They lost focus of hiring good honest people to work for them . Instead went with flaky under handed individuals.

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Post ID: @6xlam+ZuJptzI

Refresh stores are losing money still everyday it must be their store teams . Not that are quality of merchandise has went downhill as the prices are going up . Sue and Amy are very big on preaching the corporate bs of everyone loves our product . Must be the store teams dragging us down . Customers must buy 7 items 150.00 ads sell credit sell rewards programs. It’s corporate job to get customers in store , traffic is declining that’s not on the store .

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Post ID: @1Fcwt+ZuJptzI

Any recent "insider" news about Ascena? (August 2019) PLUS Segment? Any buyers yet?

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Post ID: @1czqt+ZuJptzI

Thanks for the reply. Sounds like Catherines will go the way of Dressbarn. I wonder what the time frame will be - how soon? Also wondering about the money they spent recently on the "Refresh" stores at Catherines. I assume they were testing some stores to see if a remodel would help sales.

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Post ID: @2zrf+ZuJptzI

Yes they will be next to go under ....there are no buyers at this point ..corporate employee

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Post ID: @1eax+ZuJptzI

Has anyone on the inside heard anything about CATHERINES? Quarterly conference calls are eerily quiet about the plus brand. No mention at all of Catherines - EVER. Makes me nervous. Anyone know anything?

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Post ID: @ahl+ZuJptzI

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