The retailer’s trying new service offerings outside its traditional in-store experience.
The brand operator is still closing hundreds of stores and posted a $1 billion loss, but the year didn’t turn out as bad as feared.
The industry leaders believe legacy brands are positioned to adapt to changing consumer shopping patterns.
The brand operator even floated the possibility of a sale.
The three companies managed to turn in decent results despite deep weakness in the retail market.
Moody’s cut the retail operator’s long-term credit rating, pointing to a first-quarter dip in sales and revenue.
Four of the eight members of the Ascena board are women.