Dress Barn cites improved outlook at stores
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- April
- 13
Dress Barn Inc., the Montebello-based retailer, said that conditions are improving at its stores early this year as shoppers respond to its merchandise selection.
Dress Barn, which operates more than 1,500 dressbarn and maurices stores across the country, said that it expects to report earnings per share of 30 cents to 32 cents for its fiscal third quarter ending April 25, 2009. The company added that it expects flat sales at stores open for at least a year.
For Dress Barn, that would be an improvement from the holiday shopping season that was a disappointment for a retail industry facing one of the steepest economic downturns since the Great Depression.Chief Executive Officer David R. Jaffe said Dress Barn is benefiting from efforts to clear inventory and cut costs.
“Our planning continues to assume a challenging market environment, and we will remain vigilant on further improving our business,” Jaffe said in a written statement.
This entry was posted
on Monday, April 13th, 2009 at 3:37 pm by Jay Loomis.
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