By  on June 10, 2019

The Ascena Retail Group continues to assess its portfolio of brands, as it winds down Dressbarn and intensifies cost-cutting efforts.

On Monday, the struggling specialty retailer revealed the depths of its difficulties, ranging from being over-inventoried this year, to product missteps, battling headwinds in store traffic, and experiencing larger losses. However, officials said Ann Taylor has been stabilized, Loft continues its growth trajectory, and Ascena overall will be a healthier company with a streamlined portfolio without its value segment, which included  Dressbarn and the recently sold Maurices chain.

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