David Jaffe, president and CEO of ascena retail group, inc., which includes leading retail brands maurices, Justice, dressbarn, Catherine's, and Lane Bryant, will be providing insight on driving sustained profitable growth on Wednesday, December 4 at 11 am in UMD's Weber Hall. Jaffe is LSBE’s fall Distinguished Speaker. The event is free and open to the public. Attendees are asked to pre-register for this event on the LSBE website or by calling 218-726-8614. This event is part of the Passport to Professional Success Program.
“We are very privileged to have David Jaffe share his insight with us on sustaining profitable growth,” said Amy Hietapelto, dean of LSBE. “As the leader of ascena retail group, he has achieved tremendous success, having worked through multiple successful mergers. We look forward to having Mr. Jaffe share how he has successfully grown ascena with his business strategies while allowing the individual brands, like our revered maurices, to retain their identities.”
National Bank of Commerce is underwriting the 2013-2014 LSBE Distinguished Speaker Series. With six local branches, National Bank of Commerce is the area’s largest, locally owned bank with headquarters in Superior, WI. Additional bank locations include Duluth and Hermantown, Minn., a midtown Superior bank, and one each in Poplar and Solon Springs.
“National Bank of Commerce is proud to support the LSBE's fall Distinguished Speaker,” said Bruce H. Webb, Community Bank president – Minnesota. “We couldn't be more excited about hearing from Mr. Jaffe, whose organization includes maurices, one of the cornerstones of the Twin Ports. I would encourage the community to take advantage of hearing about a relevant topic from an outstanding leader with a proven track record.”
Ascena is a leading national retailer with $5 billion in annual sales, more than 3,800 stores and 25,000 associates through its five brands. Ascena is publically traded as ASNA.
Jaffe joined ascena in 1992, holding numerous positions of increasing responsibility until being promoted to president and CEO in 2002. He was responsible for directing the transition of dressbarn from an off-price discount store to a lifestyle specialty store brand and led the mergers with maurices in 2005, Justice in 2009, and Lane Bryant and Catherine's in 2012.
Prior to joining dressbarn, Jaffe was a general partner of Chemical Venture Partners, a private equity firm. He began his career at Merrill Lynch as a portfolio manager. Jaffe received his BS/BA from the Wharton School/University of Pennsylvania and a MBA from the Stanford Graduate School of Business.
Jaffe is a director of the National Retail Federation, the Baker Retailing Center at the Wharton School, and the JP Morgan Chase Regional Advisory Board. He is also a director of Food Allergy Research & Education, and a trustee of the Connecticut Chapter of The Nature Conservancy. He lives with his wife and four children in New Canaan, CT.
Written by Katarina Menze, October 2013