Ann Taylor's Q4 Profit Jumps; Changing Corporate Name to Ann Inc.
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Ann Taylor posted a bigger-than-expected quarterly profit on improved sales. The company, which said it'll change its corporate name to Ann Inc. to better reflect its multichannel focus, also forecast strong first-quarter sales. “Today, our company is far more than a traditional 'store-based' retailer,” stated Kay Krill, president and CEO. “We have two distinct brands — Ann Taylor and Loft — each of which operates across three channels and enables us to reach our client whether she is making her purchases at our stores, online or at our factory outlet