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Ascena Retail Group Announces New Chief Merchandising Officer Of Maurices Brand

Ascena Retail Group, Inc. (NASDAQ: ASNA) today announced that Erin Stern has accepted the position of Executive Vice President and Chief Merchandising Officer with their maurices brand effective April 15, 2013. maurices (based in Duluth, MN) is an 860-store chain serving a twenty-something female (sizes 0-24) in small- and mid-markets.

David Jaffe, President and CEO of the Ascena Retail Group, commented, “Erin is an outstanding merchant with a strong strategic vision and understanding of this customer. Erin is an exceptional hire for this role.”

Ms. Stern joins maurices with over two decades of retail experience including Chief Merchant for Juicy Couture and President of bebe Sport. The majority of Erin’s retail career was with Gap, Inc. where she held several senior merchandising positions across multiple product categories in their Old Navy division.

Ms. Stern earned a BA degree from Tulane University.

Ms. Stern commented, “I am very excited to join this organization. maurices has a proven business model and an impressive runway for growth. I look forward to sharing my experiences in enhancing the maurices customer experience.”

George Goldfarb, President of maurices added, “Erin is a unique merchant who has an innate talent with product and also possesses exceptional analytical and leadership skills. I’m thrilled to welcome her to maurices.”

About Ascena Retail Group, Inc.

Ascena Retail Group, Inc. (NASDAQ: ASNA) is a leading specialty retailer offering clothing, shoes, and accessories for missy and plus-size women, under the Lane Bryant, Cacique, maurices, dressbarn and Catherines brands; and for tween girls and boys, under the Justice and Brothers brands. Ascena Retail Group, Inc. operates through its subsidiaries approximately 3,800 stores throughout the United States, Puerto Rico and Canada.

For more information about Ascena Retail Group, Inc. and its brands, visit www.ascenaretail.com, www.charmingshoppes.com, www.shopjustice.com, www.lanebryant.com, www.maurices.com, www.dressbarn.com, www.catherines.com, www.cacique.com, www.shopbrothers.com, www.figis.com and www.figisgallery.com.



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