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Maurices Continues Major Expansion

Stocks in this article: ASNA

DULUTH, Minn., March 26, 2014 /PRNewswire/ -- What started as a small retail store in downtown Duluth, Minnesota, has now reached a major milestone of 900 stores in the United States and Canada. maurices celebrates the opening of its 900 th store this month in Fresno, California, which is its 13 th store in California.

maurices will open 60 new stores and will operate more than 925 stores in 46 states and Canada by the end of its fiscal year in July 2014. In addition to new store openings, maurices is remodeling or expanding 80 stores this year with an inspiring new look to keep the fast growing chain fresh.

The company's long-term goal is to reach over 1,200 stores domestically and 100 stores in Canada.

"We're thrilled with the growth of our stores and e-commerce business and the continued demand for maurices, says George Goldfarb, President of maurices. "We're committed to giving our customer a great shopping experience wherever and whenever she shops us – stores or online."

Over the past five years, maurices has opened more than 250 stores and has seen 65% sales growth.

about maurices

maurices is a subsidiary of Ascena Retail Group, Inc. (NASDAQ – ASNA), which includes maurices, Catherines, dressbarn, Justice, and Lane Bryant. maurices is the fashion store for women who embrace who they are and want to express their unique style. We offer real style for real lives, in sizes 1-24. maurices currently operates 900 stores in 46 states and Canada. www.maurices.com

Forward-Looking Statements

Certain statements made within this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. The Company does not undertake to publicly update or review its forward-looking statements even if experience or future changes make it clear that our projected results expressed or implied will not be achieved. Detailed information concerning a number of factors that could cause actual results to differ materially from the information contained herein is readily available in the Company's most recent Annual Report on Form 10-K for the year ended July 27, 2013 and Form 10-Q for the quarter ended January 25, 2014.

SOURCE maurices

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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