FORTUNE Magazine Names Ascena Retail Group, Inc. to '100 Fastest-Growing Companies' List

Ascena Retail Group, Inc. (NASDAQ - ASNA), has been named to FORTUNE Magazine’s List of '100 Fastest-Growing Companies'. The Company, ranked overall 58th, earned top 100 rankings in profit growth, sales growth and as a best investment.

David R. Jaffe, President and Chief Executive Officer of Ascena Retail Group, Inc. commented, “We are honored and gratified to be recognized as one of the 100 fastest-growing companies. We have been diligently working to build a family of leading retail brands, each serving a unique customer niche, and are proud of our unified quest to continue growing, achieving and collaborating. This recognition is a testament to our talented team members, who have embraced a culture that values the sharing of resources, new ideas, and the constant exploration of new ways to better serve our customers.”

FORTUNE’S annual list of high achievers is a guide to the most vibrant part of corporate America and beyond. To qualify for the "100 Fastest-Growing Companies" list, a company must have been trading continuously on a major U.S. stock exchange since June 30, 2009 with a minimum market capitalization of $250 million. Companies must have revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2012 and have posted an annualized growth in revenue and earnings per share of at least 20% annually over the three years ended on or before April 30, 2012. Companies that meet these criteria are ranked by revenue growth, EPS growth, and three-year annualized total return.

The full list and related stories will appear in the September 24, 2012 issue of Fortune magazine, and are available at http://money.cnn.com/magazines/fortune/fastest-growing/2012/full_list/.

About Ascena Retail Group, Inc.

Ascena Retail Group, Inc. is a leading national specialty retailer of apparel for women and tween girls, operating through its wholly-owned subsidiaries, the Justice, Lane Bryant, maurices, dressbarn, and Catherines brands. The Company operates through its subsidiaries approximately 3,800 stores throughout the United States, Puerto Rico and Canada. For more information, visit www.ascenaretail.com, www.shopjustice.com. www.lanebryant.com, www.cacique.com, www.maurices.com, www.dressbarn.com, and www.catherines.com.

Contacts:

Ascena Retail Group, Inc.
Investor Relations
845-369-4600
or
ICR, Inc.
James Palczynski, 203-682-8229
Senior Managing Director
jp@icrinc.com
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