Ascena Retail Group, a US-based specialty retailer offering apparel, shoes, and accessories for women, has reported sales decline to $601.2 million in its third quarter (Q3) fiscal 2020 ended on May 2, 2020 compared to sales of $1,088.4 million in same period last year. Group incurred a net loss of $643.5 million (Q3 FY19: $237.9 million).
Ascena Retail Group, a US-based specialty retailer offering apparel, shoes, and accessories for women, has reported sales decline to $601.2 million in its third quarter (Q3) fiscal 2020 ended on May 2, 2020 compared to sales of $1,088.4 million in same period last year. Group incurred a net loss of $643.5 million (Q3 FY19: $237.9 million).#
Gross margin for the quarter fell to $185.8 million ($627.3 million). Selling, general and administrative expenses registered a loss of $412.4 million ($407.7 million). Operating loss during Q3 FY20 were $600.4 million ($230.2 million).
Ascena Retail Group, a US-based specialty retailer offering apparel, shoes, and accessories for women, has reported sales decline to $601.2 million in its third quarter (Q3) fiscal 2020 ended on May 2, 2020 compared to sales of $1,088.4 million in same period last year. Group incurred a net loss of $643.5 million (Q3 FY19: $237.9 million).#
During the third quarter sales of premium fashion segment came down to $297.3 million ($549.5 million). Plus fashion sales declined to $197.3 million ($311.5 million). Kids fashion fell to $106.6 million ($227.4 million).
ALCHEMPro News Desk (JL)
marketing@alchempro.com
