Dress Barn (Ascena Retail Group, Inc) - fashion company profile on Apparel Search
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Dress Barn, Inc (NASDAQ-DBRN), is a leading national specialty apparel retailer offering quality career and casual fashion apparel through its dressbarn and maurices brands (announced in June 2009, adding Tween Brands which includes Limited Too and Justice stores).
In 1962 Roslyn Jaffe opened the first Dress Barn retail store.
At a time when women were wholly underrepresented in the workplace, Roslyn dared not only to work, but also to launch a new era in women's fashion. Designer label wool pencil skirts, sheer blouses, flares, furs, and leather coats were all the rage. And Roslyn offered her customers the very latest in women's designer styles. A year later the second dressbarn store was opened. Soon after the inception of the business, her husband Elliot joined Roslyn. Together they built the business as well as a reputation for quality, style, value, and customer service. In 1983 dressbarn's stock was introduced on the NASDAQ Exchange. Today, dressbarn remains customer centric, extremely sensitive to and focused on the needs and desires of women in the 21st century. While society and its priorities continually change, dressbarn is poised to respond to these evolutionary trends.

With stores across the country, dressbarn strives to maintain its distinctive position in the marketplace by providing its own private labels and contemporary fashions at great value in an environment that is friendly and trustworthy.
 
As of April 25, 2009, the Company operated 842 dressbarn stores in 47 states and 707 maurices stores in 44 states.

June 2009, it was announced that Dress Barn and Tween Brands would merge.

Ascena Retail Group, Inc. was created as a public company effective January 1, 2011. The Company is a leading national specialty retailer of apparel for women and tween girls, operating, through its wholly-owned subsidiaries, the dressbarn, maurices and Justice brands. The Company operates through its subsidiaries approximately 2,500 stores throughout the United States and Canada, with revenues of approximately $2.9 billion.

 Historical Information:

 
As per June 25, 2009 press release
:

"Under the terms of the merger agreement, each share of Tween Brands, Inc. common stock will be exchanged for 0.47 shares of Dress Barn, Inc. common stock. Based on Dress Barn Inc.'s stock price of $13.24 as of June 24, 2009, this consideration would be equivalent to $6.22 per Tween Brands, Inc. share, representing an aggregate equity value of approximately $157 million. This represents a premium of 20% over Tween Brands, Inc.'s closing stock price on June 24, 2009. Upon closing of the transaction, Tween Brands, Inc.'s stockholders are expected to own approximately 16% of Dress Barn, Inc.'s diluted outstanding shares. In connection with the transaction, Tween Brands, Inc.'s outstanding bank debt will be repaid. Dress Barn, Inc. anticipates that the transaction will be neutral to earnings in the first full year of combined operations and accretive thereafter. On a trailing twelve months basis, the combined company has generated in excess of $2.4 billion in net sales and currently operates 2,465 stores. The transaction, unanimously approved by each of Dress Barn, Inc.'s and Tween Brands, Inc.'s Board of Directors, is expected to close in the fourth quarter of calendar year 2009 and is subject to Tween Brands, Inc. stockholder approval and other customary closing conditions."  About Maurices: What started in 1931 as a small women's fashion shop in Duluth, Minnesota, has grown to over 700 stores in 43 states across the country. maurices is the leading small town specialty store and authority for the savvy, fashion conscious customer with a twenty-something attitude.

Corporate Office: 30 Dunnigan Drive Suffern, NY 10901 845-369-4500

Learn more about Dress Barn, Maurices and Justice at their website.

Learn more about Maurices and about Justice here on Apparel Search.

ML62209 - Dress Barn

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maurices was founded in 1931 by E. Maurice Labovitz and is now owned by Dress Barn, Inc. maurices home office is located in Duluth, Minnesota, the site of its very first store.

 Apparel Retailer

For more information, please visit www.dressbarn.com and www.maurices.com.