Toyota, Nissan and Mitsubishi have expanded a recall of cars to replace airbags made by Takata.
This week, the firm raised its full-year revenue forecast to $2 billion after sales rose 6%.
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Move comes after the car parts maker said it was doubling the number of cars it had recalled to 34 million.
Ascena has grown through acquisitions and after this deal will operate nearly 5000 stores.
The move would increase the number of its stores in the world's second largest economy by almost a third.
In total, revenue climbed 27 percent to $58 billion, up from $45.6 billion last year.
Same-store sales fell 2.6% in the U.S. division in the first quarter, including a 3.9% decline in March.
The cosmetics company has been struggling in both the U.S. and Brazil, its largest market.
Sum awarded to family of boy who died in a crash involving a Jeep Grand Cherokee in 2012.
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