Forward-Looking StatementsCertain 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 28, 2012 and the Company’s quarterly report on Form 10-Q for the quarter ended October 27, 2012.
Today, Ascena Retail Group (NASDAQ: ASNA) celebrates 760,000-square-foot distribution center expansion. Upon completion, the new facility will distribute apparel and accessories for all of its brands including Justice & Brothers, Lane Bryant, maurices, dressbarn and Catherines. The distribution center will employ 500 associates over the next five years -an additional 200 jobs to the area. “Breaking ground on this expansion is a milestone for our business,” Ascena’s President and CEO David Jaffe commented. “Not only is central Ohio considered a hub for distribution, but the centrality of this location will allow us to deliver 70 percent of our 3,800 stores within two days.” Joining Mr. Jaffe at the groundbreaking was State Senator Tim Schaffer, and Licking County Commissioner Tim Budd. Construction is being managed by Gray Construction Company and will be completed in early 2014. 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 and tween girls, under the Justice, Lane Bryant, maurices, dressbarn and Catherines 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.figis.com and www.figisgallery.com. About Gray Construction Gray Construction is a leader in providing engineering, design and construction services to customers in the U.S. and around the world. Their industrial construction experience spans a variety of industries such as automotive plant construction, distribution center construction, food and beverage plant construction, Japanese plant construction, Korean plant construction, Industrial LEED construction and manufacturing plant construction.