Dressbarn, Maurices and Justice Brands’ Parent Company Ascena Retail Group, Inc. Selects Oracle® E-Business Suite 12.1 to Support Growth

Retail Holding Company Will Standardize All Businesses on Oracle Financials

REDWOOD SHORES, Calif. – Jan. 7, 2011

News Facts

ascena, the newly formed holding company for apparel brands dressbarn, maurices and Justice, has selected Oracle E-Business Suite Financials to streamline financial operations across the company’s growing retail operations.

ascena will migrate its enterprise financial operations to the Oracle Applications including Oracle E-Business Suite Financials, Oracle Hyperion Planning and Budgeting and Oracle Governance, Risk and Compliance solutions.

The Oracle applications will replace disparate enterprise systems being used by dressbarn and maurices and upgrade the Oracle E-Business Suite applications already in use at Justice to the latest version.

By standardizing financial, planning and risk management operations on the Oracle applications, ascena intends to establish a complete, open and integrated IT foundation that will support the company’s growth and achieve a lower total cost of ownership.

All three ascena-owned retail businesses currently use a range of Oracle solutions, including Oracle Retail applications, Oracle enterprise solutions and Oracle Database.

Supporting Quotes

“Our due diligence process determined that the Oracle applications provided us the best solutions for integrating and managing our business and establishing a foundation for growth. Oracle's partnership and product offering enable us to focus on providing our customers with an unmatched retail shopping experience,” said Armand Correia, Chief Financial Officer, ascena Retail Group, Inc.

“Oracle fulfills our requirements for an integrated solution set and enables us to establish a standardized footprint and lowest total cost of ownership,” said Karen Etzkorn, Chief Information Officer, ascena Retail Group, Inc.

“We are very pleased to expand our relationship with The Dress Barn, Inc., now ascena, and to be a part of their continued growth strategy,” said Tom Madigan, Vice President, Global Retail Portfolio, Oracle.

Supporting Resources

Oracle Applications

Oracle E-Business Suite Financials

Oracle Hyperion Planning and Budgeting

Oracle Governance, Risk and Compliance

Oracle Retail Merchandising System

Oracle Retail Price Management

Oracle Now for iPhone

Oracle Now for Android

Join the Oracle Retail community on Facebook

Insight-Driven Retailing Blog

Oracle Retail YouTube Channel

Follow Oracle Retail on Twitter

About Oracle Retail

Oracle provides retailers with a complete, open and integrated suite of business applications, server and storage solutions that are engineered to work together to optimize every aspect of their business. 20 of the top 20 retailers worldwide - including fashion, hardlines, grocery and specialty retailers - use Oracle solutions to deliver critical insights, improve business processes and drive performance. For more information, visit our Web site at http://www.oracle.com/goto/retail

About Oracle

Oracle (NASDAQ: ORCL) is the world’s most complete, open and integrated business software and hardware systems company. For more information about Oracle, visit our Web site at http://www.oracle.com.