July 10, 2014 2:20 AM ET

Specialty Retail

Company Overview of Maurices Incorporated

Company Overview

Maurices Incorporated, a hometown specialty retailer, operates a chain of women's clothing stores in the United States and Canada. The company offers jeans, tops, bottoms, dresses, outerwear, plus sizes, shoes and accessories, sleepwear, and swimwear. It also sells products online. The company was founded in 1931 and is based in Duluth, Minnesota. Maurices Incorporated operates as a subsidiary of Ascena Retail Group Inc.

105 West Superior Street

Duluth, MN 55802

United States

Founded in 1931

Phone:

218-727-8431

Fax:

218-720-2102

Key Executives for Maurices Incorporated

President
Age: 55
Chief Financial Officer and Senior Vice President
Chief Executive of Ascena Retail Group and President of Ascena Retail Group
Age: 55
Chief Merchandising Officer and Executive Vice President
Age: 44
Senior Vice President of Stores
Compensation as of Fiscal Year 2014.

Maurices Incorporated Key Developments

Maurices Opens Fifteen Stores

maurices announced major expansion, that it open stores. Fifteen openings (seven grand openings and eight reopenings) are scheduled soon and each will celebrate opening week by offering guests $25 off any $75 purchase made in store. The Grand Openings stores are June 27: Lufkin, TX at Lufkin Mall and Greensburg, IN at Greensburg Crossing, July 4: Aurora, CO at The Gardens on Havana, July 5: Hoffman Estates, IL at Poplar Creek Crossing, July 18: Deridder, LA at Park Terrace; Lafayette, LA at Acadiana Mall; Saskatoon, SK at Mall at Lawson Heights, Reopenings are June 27: Brownwood, TX at Commerce Square; South Burlington, VT at University Mall; Yankton, SD at The Shoppes at Yankton, June 28: Glenwood Springs, CO at Glenwood Meadows, July 4: Cheyenne, WY at Frontier Mall and Johnson Creek, WI at Johnson Creek Premium Outlet July 11: Litchfield, IL at Litchfield Plaza, and July 18: Lapeer, MI at K Mart Center.

Maurices Announces Earnings Results for the Third Quarter of 2014

Maurices announced earnings results for the third quarter of 2014. The company delivered solid top line performance with total comp sales of 2% driven by positive store comps and very strong e-commerce sales. Combined March, April comp performance was up 3% and the combination of store growth, comp store growth with new stores generated total revenue growth of 7% versus LY. Operating income decreased 2% versus last year to $34 million or 13.6% of sales.

Maurices Seeks To Sell Two Buildings

Maurices Incorporated seeks to sell two other downtown headquarters buildings, at 104 and 117 West Superior Street in near future. “We’ve already had a number of developers and companies express interest in the properties, and we are optimistic about finding buyers and tenants for these properties,” says Brian Thun, Senior Vice President and Chief Financial Officer of Maurices.

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