Fifth & Pacific Companies Inc (NYSE:FNP) up by 2.74%, Ascena Retail Group Inc (NASDAQ:ASNA)

Posted by Steve Raasch May 13, 2013 0 Comment 1405 views


Fifth & Pacific Companies Inc (NYSE:FNP): The trading session on Friday saw Fifth & Pacific Companies Inc (NYSE:FNP) shares rising by 2.74%. The opening price of $22.32 touched an intraday high of $23.20 per share before setting down to $22.32. The total number of shares floated in Friday’s trading session was around 1.93 million, which stood above the average volume of 1.81 million, measured over a 30-day period.

Fifth & Pacific Companies, Inc is a designer and a producer of a variety of retail-based, global and premium lifestyle brands. These include well-established brands such as Juicy Couture, Lucky Brand and Kate Spade. Apart from this, the Adelington Design Group, this is a private-brand jewelry development and design group, markets brands via department stores. It serves J C Penney through exclusive supplier agreements for the Monet Liz Claiborne jewelry lines. It also serves Kohl’s through a supplier agreement exclusively for Dana Buchman jewelry.

Fifth & Pacific Companies Inc (NYSE:FNP) has licenses Liz Claiborne, the New York brand which is available at Lizwear and QVC. These are distributed via the club store channel. The company maintains a stake of 18.75% in Mexx, the Canadian and European accessories and apparel retail-based brand.

Ascena Retail Group Inc (NASDAQ:ASNA): The trading session on Friday saw Ascena Retail Group Inc (NASDAQ:ASNA) shares rising by 2.52%. The opening price of $18.99 touched an intraday high of $19.57 per share before setting down to $18.99. The total number of shares floated in Friday’s trading session was around 1.01 million, which stood below the average volume of 1.11 million, measured over a 30-day period.

Ascena Retail Group, Inc is a national retailer that specializes in women’s apparel and tween girls clothing products, via its wholly-owned subsidiaries, Maurices, the Dressbarn and the Justice brands. As of 28 July 2012, the company operated more than 3,800 stores spread across the United States, Canada and Puerto Rico. In 2011 January, Ascena Retail Group Inc (NASDAQ:ASNA) closed an internal corporate reorganization plan and established a new holding company, Ascena Retail Group, Inc. On 14 June 2012, the company bought Charming Shoppes, Inc. The latter is an apparel retailer that specializes in women’s plus-size apparel.


About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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