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Strong 4Q for Dress Barn

BY CSA STAFF

Suffern, N.Y., The Dress Barn Inc. posted fiscal fourth-quarter net income of $33.6 million, or $1.08 a share, compared with $13.8 million, or 45 cents a share, in the year-ago period. Net sales for the 13-week period, ended July 30, 2005, increased 48% to $307.1 million compared to the prior year’s level of $208 million. The increase was driven by the inclusion of results from Maurices, which the chain acquired in January 2005, and a same-store sales increase of 6% for the quarter.

Net sales for 52-week period ended July 30 increased 33% to $1 billion compared to $754.9 million reported for the year-ago period. Same-store sales rose 5% for the fiscal year.

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Rite Aid Appoints COO

BY CSA STAFF

Camp Hill, Pa., James Mastrian has been tapped to be Rite Aid’s new chief operating officer, the company announced earlier today.

Mastrian had been the pharmacy chain’s executive VP of marketing, logistics and pharmacy services since November 2002.

Rite Aid hasn’t had a COO since Mary Sammons vacated that position in 2003 to become president and CEO.

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Rite Aid Appoints COO

BY CSA STAFF

Camp Hill, Pa., James Mastrian has been tapped to be Rite Aid’s new chief operating officer, the company announced earlier today.

Mastrian had been the pharmacy chain’s executive VP of marketing, logistics and pharmacy services since November 2002.

Rite Aid hasn’t had a COO since Mary Sammons vacated that position in 2003 to become president and CEO.

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