Friday, June 23, 2017

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REUTERS/Samiullah Peiwand By Samihullah Paiwand | GARDEZ, Afghanistan GARDEZ, Afghanistan Dozens of people were killed or wounded when as many as five suicide bombers attacked a police headquarters in eastern Afghanistan on Sunday, officials said. The attack, claimed by the Taliban, began around 6:30 a.m. (0200 GMT) when one bomber detonated a car packed with explosives at the gate of the police headquarters in Gardez city, capital of Paktia province, said Najib Danish, a spokesman for the Interior Ministry. Four more attackers stormed the gate after the blast, with at least two quickly killed by police. The others held out against Afghan special forces that had responded to the attack, he said. Danish put the toll at two police killed and five wounded. However, doctors at the city hospital said they had received the bodies of at least five police, as well as at least 30 wounded people, including 20 civilians. The Taliban claimed responsibility for the attack, with spokesman Zabihullah Mujahid reporting more than 100 police were killed and wounded. The Islamist group often exaggerates casualty numbers in attacks against government targets and security forces.

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Ascena Group, Owner of Maurices, May Close 250 Stores DULUTH, Minn.-The Ascena Retail Group, which owns multiple retail outlet including the Duluth-based Maurices, has announced they will be closing 250 stores in the near future. Currently there are 4,850 retail stores owned by Ascena, with a thousand of them being Maurices. Other stores in their portfolio include Dress Barn, Catherine’s, and Lane Bryant. Representatives from the company told us sales were down about $100 million this past quarter, compared to last year. They are also projecting an eight percent sales drop next quarter. It is possible these drops in sales could lead to another 400 stores closing, other than the initial 250. Despite all this, Acsena still turned a profit last quarter of about $9.6 million. Plans are also in the works to renegotiate some of their stores leases which could also save the business money. “We expect these factors will remain major headwinds for the foreseeable future and reflect an accelerated shift to consumer demand toward e-commerce,” said David Jaffe, CEO of Acsena Retail Group, in a conference call with investors yesterday. “Responding to the shift requires fundamental changes in retail operating model, and we’ve made significant progress toward transforming our business to compete in this new environment. Make no mistake, we were very disappointment with our performance for the quarter, and we must accelerate our transformation and improve execution across our portfolio.” In January of this year, Maurices eliminated 165 positions across the country including 25 corporate positions in Duluth.

For the original version including any supplementary images or video, visit http://www.fox21online.com/2017/06/09/ascena-group-owner-maurices-may-close-250-stores/

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Ascena Group, Owner of Maurices, May Close 250 Stores

Ascena Group, Owner of Maurices, May Close 250 Stores DULUTH, Minn.-The Ascena Retail Group, which owns multiple retail outlet including the Duluth-based Maurices, has announced they will be closing 250 stores in the near future. Currently there are 4,850 retail stores owned by Ascena, with a thousand of them being Maurices. Other stores in their portfolio include Dress Barn, Catherine’s, and Lane Bryant. Representatives from the company told us sales were down about $100 million this past quarter, compared to last year. They are also projecting an eight percent sales drop next quarter. It is possible these drops in sales could lead to another 400 stores closing, other than the initial 250. Despite all this, Acsena still turned a profit last quarter of about $9.6 million. Plans are also in the works to renegotiate some of their stores leases which could also save the business money. “We expect these factors will remain major headwinds for the foreseeable future and reflect an accelerated shift to consumer demand toward e-commerce,” said David Jaffe, CEO of Acsena Retail Group, in a conference call with investors yesterday. “Responding to the shift requires fundamental changes in retail operating model, and we’ve made significant progress toward transforming our business to compete in this new environment. Make no mistake, we were very disappointment with our performance for the quarter, and we must accelerate our transformation and improve execution across our portfolio.” In January of this year, Maurices eliminated 165 positions across the country including 25 corporate positions in Duluth.

For the original version including any supplementary images or video, visit http://www.fox21online.com/2017/06/09/ascena-group-owner-maurices-may-close-250-stores/

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