Dress Barn changes its name to Ascena Retail Group
New York City — Dress Barn on Monday announced it has been renamed Ascena Retail Group Inc. and will trade on the Nasdaq Global Select Market under the ticker ASNA.
The company said it had reorganized under the new holding company, but was not making changes to operations, directors or officers. The names of its three specialty chains — Dressbarn, Maurices and Justice, also are unchanged.
“In recent years, we’ve become a fundamentally different company that extends well beyond the original Dressbarn concept and brand,” CEO David Jaffe stated. “We have become a family of retail brands, each serving a unique customer niche, each essential to our combined success.”
Tommy Bahama to make Manhattan debut
New York City — Tommy Bahama will open its first store in New York City, on Fifth Avenue at 45th Street, according to The Wall Street Journal. The 8,500-sq.-ft. store is expected to open by the end of 2011.
The 89-store Tommy Bahama chain is a subsidiary of Oxford Industries, which recently acquired the Lilly Pulitzer brand.
Century 21 implements Escalate’s Enterprise solution for inventory management
San Diego — Escalate Retail on Monday announced that discount department store chain Century 21 has successfully implemented Escalate’s Enterprise1 ERP solution for management of the retailer’s inventory, merchandising and financials.
Century 21 chose Escalate’s Enterprise1 to more effectively keep pace with the enormous amount of inventory that goes through the store every day.
After thoroughly evaluating the retail industry’s most prominent software vendors, Century 21 selected Escalate’s Enterprise1 because of the functionality and scalability of the solution, in addition to Escalate’s company-wide focus on multichannel retailing and experienced professional services team. “Enterprise1 has driven more discipline to our fast-moving and highly adaptive business processes in all of the major functional areas,” said Harry Roberts, CIO, Century 21.
Built on a modern technology infrastructure, Enterprise1 provides a suite of flexible applications designed to optimize operations in Century 21’s demanding environment.
“Escalate’s Enterprise1 software has helped us facilitate the constant flow of high-demand merchandise throughout our organization,” Roberts said. “Additionally, the Escalate team worked closely with us to enhance the application through customization features such as vendor style number matching and time in motion improvement.”