Market Overview

ascena retail group Appoints Presidents of LOFT, Ann Taylor and Lou & Grey

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ascena retail group, inc. (NASDAQ:ASNA), announced the appointment of
two presidents in the Premium fashion segment.

Andrew Clarke has been named, President of the LOFT brand.

Since 2017, Andrew held the role of Executive Vice President,
Chief Merchandising Officer at ascena's Justice brand. During his
tenure, he led critical initiatives that have allowed the brand to
increase their speed to market and react faster to the customer's needs.
Prior to his time at Justice, Mr. Clarke held the role of President of
Kmart Apparel for Sears Holdings Corporation. Mr. Clarke began his
career at Marks and Spencer PLC and also served as Chief Product Officer
at France-based Pimkie, a 750 store women's fast fashion chain, trading
in 28 countries worldwide. He brings over 20 years of retail experience
to this role.

Julie Rosen has been named President of the Ann Taylor and Lou &
Grey brands.

Since 2016, Julie held the role of Senior Vice President, General
Merchandise Manager at ascena's Ann Taylor brand. In early 2018, her
role was expanded to include the Lou & Grey brand. Julie has
successfully cultivated a clear strategic vision bringing elevated
product assortments and a customer centric focus across all channels of
the business. Ms. Rosen started her career at GAP Inc. at Banana
Republic and was named Vice President of Women's Merchandising in 2000
and Senior Vice President in 2001. In 2007, Ms. Rosen founded Julie B.
Rosen Consulting working with several retailers including Nike, Theory,
and Chrome Hearts. She rejoined GAP Inc. as Senior Vice President of
Merchandising for Banana Republic in 2009.

Gary Muto, President and Chief Executive Officer of ascena Brands
commented, "Julie and Andrew are strong leaders, who are committed to
both their customer and teams, and I am confident that they will serve
these amazing brands well. I'm pleased that we were able to draw from
the deep talent bench within ascena to fill these critical
customer-facing roles, and look forward to working with Julie, Andrew,
and the rest of the ascena Brands leadership team to drive sustainable
product-led growth."

About ascena retail group, inc.

ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty
retailer offering apparel, shoes, and accessories for women under the
Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value
Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane
Bryant, Catherines and Cacique), and for tween girls under the Kids
Fashion segment (Justice). ascena retail group, inc. operates ecommerce
websites and approximately 4,700 stores throughout the United States,
Canada and Puerto Rico.

For more information about ascena retail group, inc. visit: ascenaretail.comAnnTaylor.comLOFT.com,
maurices.comdressbarn.comlanebryant.comCatherines.com,
and shopjustice.com.

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