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Brothers brand gets its walking papers from Ascena Retail

Feb. 18, 2015 7:12 AM ETAscena Retail Group, Inc. (ASNA) StockASNABy: Clark Schultz, SA News Editor
  • Ascena Retail (NASDAQ:ASNA) says it will stop selling Brothers products in stores and online.
  • An internal review by the company indicated the unprofitable Brothers was competing internally for investments with Justice and Lane Bryant.
  • The closure of the brand by Ascena isn't expected to have a material impact on earnings.

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Ascena Retail Group, Inc.