Ascena Retail Group Inc. reported sales results for the combined November and December Holiday period ended December 29, 2012. The Company noted that combined comparable store and e-commerce sales for the fiscal months of November and December increased 1% on a consolidated basis. Comparable store sales decreased by 2%.

The company revised earnings guidance for the full year ending July 27, 2013. The company now expects full year adjusted diluted earnings per share guidance in the range of $1.20 to $1.30 is more appropriate, versus previous guidance of $1.45 to $1.55. The Company noted that its updated guidance for Fiscal 2013 excludes one-time, acquisition-related integration, restructuring and purchase accounting costs that may be incurred related to the Charming Acquisition. The Company further noted that its guidance is based upon various assumptions, including spring season comparable store sales increases in the range of 3% - 5% and e-commerce sales growth of approximately 25%.

For the full year, the Company continues to plan to open approximately 200 stores.

For the full year, the company plans to close approximately 125 stores, ending the fiscal year with approximately 3,900 Justice, Lane Bryant, maurices, dressbarn and Catherines stores in operation.