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Ascena Retail (ASNA) reports holiday sales rose a sluggish 1% during the holiday period as the...

Ascena Retail (ASNA) reports holiday sales rose a sluggish 1% during the holiday period as the retailer was forced to become more promotional to drive traffic. Due to the troubling numbers, the company adjusts its estimate for Q4 EPS to $1.20-$1.30 from a prior range of $1.45-$1.55. ASNA -10.5% premarket.
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