NEW YORK — Ann Inc., formerly known as Ann Taylor, reported a 33.4% rise in quarterly net income to $32.3 million, beating analysts’ estimates. The company’s performance was boosted by strong demand for its Loft brand, where same-store sales rose 7.9%. Same-store sales rose 2.5% at Ann Taylor. Comp-sales were up 45.8% in the Ann Taylor ecommerce channel and 1.8% in the Ann Taylor Factory channel. Total same-store sales were up 5.5%. "Compelling product and effective marketing drove significantly higher sales and profitability across all Loft channels," said CEO Kay Krill said in a statement Total net sales for
ANN INC., parent to the Ann Taylor and LOFT brands, announced it will launch a four-year investment in young women’s leadership. According to ANN President and CEO Kay Krill, who joined with women’s leadership organization Vital Voices President and CEO Alyse Nelson, the pair will launch ANNpower Vital Voices Initiative.
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
NEW YORK -- AnnTaylor Stores announced that, based upon stronger than anticipated fourth quarter sales, including positive comparable sales at both the Ann Taylor and LOFT brands, the company expects to report top-line and bottom-line results for the fiscal fourth quarter of 2010 that will exceed the current consensus of analyst expectations and be substantially higher than the fourth quarter of 2009. The company said it also expects to report substantially stronger sales and earnings for fiscal year 2010 over fiscal year 2009. Total company net sales for the fiscal fourth quarter of 2010 are expected to be $515
One brand's loss is another's gain. To achieve a stronger foothold in the off-price world, women's retailer AnnTaylor Stores Corp. will take over 40 factory outlets being closed by apparel brand Liz Claiborne Inc.