Parent of Ann Taylor to Cut Jobs
Retailer Ann Inc., whose brands include Ann Taylor and Loft, is eliminating about 100 positions from its corporate workforce, the company announced Friday. Although Ann provided a weaker-than-expected revenue outlook for the year, its earnings nearly doubled in its fiscal fourth quarter, which included the crucial holiday shopping season. A spokeswoman for Ann Inc. said that the 100 positions being eliminated include some that are open, and most are at its New York headquarters. The positions represent about 10 percent of the company's corporate workforce.