InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,420.66
(
-0.74%
)
Post# of 1104
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

RyGuy

Send PM Follow Ignore
Followers 307
Posts 11030
Boards Moderated 1
Alias Born 03/05/2009

RyGuy

Re: None

Friday, 12/27/2019 2:35:38 AM

Friday, December 27, 2019 2:35:38 AM

Post# of 1104
How Ascena is turning around by closing unprofitable store locations. Comparing 1st Qtr's 2019 and 2020. Ascena had the following store counts....

https://www.otcmarkets.com/filing/html?id=13101589&guid=ojKvUqJkJZOIhMh
1st Qtr 2019 from 12/10/2018 filing.
303 - Ann Taylor
672 - LOFT
961 - Maurices = Sold to Private Equity Firm
723 - Dressbarn
747 - Lane Bryant
345 - Catherines
845 - Justice
4,596 - Total - Revenue $1,591,800,000 - Store Average $346,344.65


https://www.otcmarkets.com/filing/html?id=13787321&guid=mPKvUKcztexSB3h
1st Qtr 2020 from 12/10/2019 filing.
293 - Ann Taylor
670 - LOFT
544 - Dressbarn
715 - Lane Bryant
313 - Catherines
828 - Justice

3,363 - Total - Revenue $1,297,100,000 - Store Average $385,697.65

That is an increase per store average of nearly $40,000 per quarter. What you get by closing unprofitable locations.

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up