The parent company of Maurices, the Duluth-based women’s apparel chain, unveiled a “major enterprise transformation plan” on Tuesday, though just one job was impacted in Duluth as a result, the company said.
Ascena Retail Group Inc. said it was restructuring its business to save between $100 million and $150 million by 2019. The announcement comes on the heels of an $11.9 million loss fueled by a drop in sales during the 2016 fiscal year that ended July 30.
“After more than six months of intense development work, today we begin our comprehensive Change for Growth program to ensure that the company is effectively positioned to compete in a rapidly and profoundly changing retail and consumer environment,” Ascena CEO David Jaffe said in …
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