ascena retail group, inc Stock Repurchase Program

ascena retail group, inc. yesterday announced that its Board of Directors has authorized a $200 million stock repurchase program. Purchases made under this program are authorized to be made by the Company from time to time when market conditions warrant, subject to any approvals required under the Company’s existing loan documents. The program authorizes the purchase of ascena common stock through open market purchases and/or privately negotiated transactions, and is subject to applicable SEC rules. This program replaces the existing stock repurchase program amended in Fiscal 2011, which had a remaining authorization of approximately $90 million. This stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company’s discretion.

ascena retail group, inc. (NASDAQ:ASNA) is a leading specialty retailer offering clothing, shoes, and accessories for missy and plus-size women under the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, Cacique, maurices, dressbarn, and Catherines brands, and for tween girls under the Justice brand. ascena retail group, inc. operates through its subsidiaries approximately 4,900 stores throughout the United States, Canada and Puerto Rico.

Alessandra Ambrosio in Flats & Scrunchie

Alessandra Ambrosio was photographed wearing BLOCH flats while leaving a yoga class in Brentwood today! The model and mom accessorized her workout ensemble with BLOCH Miriam Flats in Nocciola (Price Available Upon Request; BlochWorld.com) and used a KITSCH Grey Suede Scrunchie to tie up her hair ($9, www.mykitsch.com).

Men's Wearhouse Licnesed Tuxedo Rental Shops

Macy's, Inc. announced that it has signed an agreement with Men's Wearhouse to open licensed tuxedo rental shops within 300 Macy's stores nationwide.

These Macy's-branded shops will be operated by Men's Wearhouse and staffed by its trained formalwear professionals in dedicated space located in or near the men's department in Macy's stores. They will be fully integrated in Macy's storewide wedding experience, and support Millennial merchandising strategies related to proms and other special occasions.

"Macy's is better able than any other retailer to assist customers with a broad range of needs related to special occasions, and especially wedding couples, their families and friends at this significant milestone period in life. Macy's and Men's Wearhouse will work together to provide additional convenience and simplicity for our customers while offering the latest trends in rental tuxedos, including prestige designer brands and some styles exclusive to Macy's. The customer shopping experience will be enhanced by Men's Wearhouse's specialized and expert service," said Tim Baxter, Macy's chief merchandising officer. "We see weddings and special occasions as strategic growth opportunities for Macy's. We are already well known for our wedding and gift registry, and we continue to build our business in engagement and wedding rings, wedding party suits and dresses, shoes, accessories, fashion jewelry, gifts and other categories. Tuxedo rental is the next element in building Macy's special occasion capability."

Plans call for the first 17 Macy's Tuxedo Shops to open in fall 2015 in the New Jersey, San Francisco and Houston markets, with a rollout to 300 stores by fall 2016. Macy's and Men's Wearhouse also will collaborate to develop a digital tuxedo rental shop on macys.com.

Macy's Tuxedo Shops will be backed by the Men's Wearhouse reservation and group management system that allows customers to easily make and manage reservations and track the status of rentals by others in a wedding party.
Men's Wearhouse will be the exclusive provider of tuxedo rentals to Macy's, although Macy's will continue to sell tuxedos from its own men's assortment.

Hilary Duff Wears Kitsch Ice Blue Hair Tie

Hilary Duff was spotted wearing Kitsch over the weekend! The Younger star, who was warm weather-ready in cutoff shorts and lightweight blouse, intermixed her stacked bracelets with an Ice Blue hair tie from the Tutti Frutti set ($9.00, www.mykitsch.com).

View more fashion blog posts about Hilary Duff on Apparel Search.

Olivia Wilde in Junk Food Basquiat T-shirt

Olivia Wilde was photographed wearing Junk Food yesterday in NYC! The actress sported her Basquiat T-shirt while enjoying the holiday weekend with her family (www.junkfoodclothing.com). 

Cheryl Burke Wearing Suki + Solaine and carrying cinda b

Cheryl Burke was photographed wearing Suki + Solaine and carrying cinda b today in Los Angeles! The I Can Do That star looked polished as she left a meeting in her Reva Midi Dress ($120, www.sukiandsolaine.com) while accessorizing with the Medium London Tote in Mod Tortoise from the b luxe collection ($119, www.cindab.com).

Preia Narendra New USA Senior Director Public Relation Miu Miu

Luxury fashion brand Miu Miu USA has announced the appointment of Preia Narendra as Senior Director Public Relations. She moves from 3.1 Phillip Lim having served as Press Director.