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Women's retailer plans $37M expansion, 242 jobs

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Suffern, N.Y.-based Ascena Retail Group Inc., a national specialty retailer of female apparel, announced Thursday morning that it plans to spend $37 million to expand its operations in Greencastle, creating as many as 242 jobs by 2018.

Ascena, whose subsidiaries provide distribution for the company’s Justice, Lane Bryant, Maurices, Dressbarn and Catherines clothing brands, said it will invest $34 million to transform its 123-acre Greencastle distribution center into its primary e-commerce distribution hub.

The company will spend an additional $3 million to build a 40,000-square-foot addition to the 794,000-square-foot facility, located about 50 miles southwest of Indianapolis.

Built in 1954, the distribution center—locally known as FB Distro—was purchased by Bensalem, Penn.-based Charming Shoppes Inc. in 1987. Ascena in June bought Charming Shoppes, the parent of Lane Bryant, Fashion Bug and Catherines Plus Sizes.

The distribution center currently employs 185 people, and Ascena said it will begin hiring for additional distribution, warehouse and management positions later in the fall.

The Indiana Economic Development Corp. said it will provide Ascena up to nearly $2.2 million in performance-based tax credits and up to $75,000 in training grants based on the company’s job-creation plans. The city of Greencastle has approved additional property-tax abatements and other incentives.

Through its subsidiaries, Ascena operates about 3,800 stores throughout the United States, Puerto Rico and Canada.
 

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  • Loss of Local Jobs
    The article fails to mention that the distribution operation is currently being handled by an Indianapolis based logistics company. The moving of the operation will be good for Greencastle, but will mean a loss of jobs for current employees of the Indianapolis based company (MKM Logistics - Park 100).

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  1. A couple of issues need some clarification especially since my name was on the list. I am not sure how this information was obtained and from where. For me, the amount was incorrect to begin with and the money does not come to me personally. I am guessing that the names listed are the Principal Investigators (individual responsible for the conduct of the trail) for the different pharmaceutical trials and not the entity which receives the checks. In my case, I participate in Phase II and Phase III trials which are required for new drug development. Your article should differentiate the amount of money received for consulting, for speaking fees, and for conduct of a clinical trial for new drug development. The lumping of all of these categories may give the reader a false impression of physicians just trying to get rich. The Sunshine Law may help to differentiate these categories in the future. The public should be aware that the Clinical Trial Industry could be a real economic driver for Indiana since these revenues supports jobs and new job creation. Nationally, this account for 10-20 billion which our State is missing out on to a large degree. Yes, new drug and technology development has gotten most of the attention (e.g. CTSI, BioCrossroads, etc.) However, serious money is being left on the table by not participating in the clinical trials to get those new drugs and medical devices on the market!!!! I guess that this is not sexy enough for academia.

  2. The address given for the Goldfish Swim Club is the Ace Hardware, is it closing?

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