Content about Ann Inc.

May 30, 2014

A pre-tax restructuring charge of $17.3 million during first quarter 2014 in connection with its previously announced strategic realignment was a major factor in a year-over-year net income decline at Ann Inc.

New York - A pre-tax restructuring charge of $17.3 million during first quarter 2014 in connection with its previously announced strategic realignment was a major factor in a year-over-year net income decline at Ann Inc. Net income for the quarter totaled $5.2 million, down 66% from $15.4 million in the first quarter of the previous fiscal year.

Total net sales for the first quarter of fiscal 2014 were $590.6 million, up 3% increase from sales of $574.5 million in the year-ago period. Total same-store sales dropped 1.8%.

April 10, 2014

Ann Inc. has signed a long-term renewal agreement with Alliance Data Systems Corp. to continue providing private label and co-branded credit card services.

New York – Ann Inc. has signed a long-term renewal agreement with Alliance Data Systems Corp. to continue providing private label and co-branded credit card services. Alliance Data will continue to deliver marketing-driven private label and co-branded credit card programs that recognize and reward Ann Taylor and Loft card members.

Ann Taylor and Loft brands are marketed in approximately 1,025 stores across the U.S., Canada, and Puerto Rico through its Ann Taylor, Loft, Ann Taylor Factory and Loft Outlet stores, as well as globally online.

March 21, 2014

Private equity firm Golden Gate Capital Corp. disclosed in a regulatory filing that it has purchased a 9.5% ownership stake in Ann Inc., parent of Ann Taylor.

San Francisco – Private equity firm Golden Gate Capital Corp. disclosed in a regulatory filing that it has purchased a 9.5% ownership stake in Ann Inc., parent of Ann Taylor.  

In a letter to the Ann Inc. board of directors, Golden Gate said it looks forward to working collaboratively with Ann Inc. The company said that it did not plan to seek changes to the retailer’s board or executive team, or to push for a sale

March 14, 2014

Ann Inc., owner of Ann Taylor and Loft, on Friday reported better-than-expected fourth-quarter profit but forecast a lower-than-expected outlook for the year.

New York – Ann Inc., owner of Ann Taylor and Loft, on Friday reported better-than-expected fourth-quarter profit but forecast a lower-than-expected outlook for the year. The retailer also announced a strategic realignment that includes integrating stores and e-commerce and will result in the loss of about 100 corporate jobs.

February 6, 2014

Ann Inc., parent company of Ann Taylor and The Loft, expects net sales and same-store sales to increase for the fourth quarter and full year fiscal 2013, on a year-over-year basis.

New York – Ann Inc., parent company of Ann Taylor and The Loft, expects net sales and same-store sales to increase for the fourth quarter and full year fiscal 2013, on a year-over-year basis. For the full year, Ann Inc. issued guidance for total net sales of $2.49 billion, reflecting a total net sales increase of 5% and a same-store sales increase of 2%.

November 22, 2013

Ann Inc. reported better-than-expected income and sales for the third quarter.

New York – Ann Inc. reported better-than-expected income and sales for the third quarter. The retailer Ann Inc. posted third-quarter earnings of $41.2 million, compared to $40.7 million in the year-earlier quarter.  

Net sales grew 7% to $657.3 million from $612.5 million. Total same-store sales increased 3.7%. By brand, same-store sales inched up 0.6% at Ann Taylor and 5.6% at Loft. However, sales fell 6.9% in the Ann Taylor Factory channel.

November 5, 2013

Loft, a division of Ann Inc., will open its first Canadian West Coast location, at The Village at Park Royal, in Vancouver, on Nov. 15.

Vancouver -- Loft, a division of Ann Inc., will open its first Canadian West Coast location, at The Village at Park Royal, in Vancouver, on Nov. 15.

Since its arrival in Canada last year, Loft has opened five locations across Ontario and introduced international shipping.    

November 4, 2013

In August, women’s specialty apparel retailer Coldwater Creek, which operates 402 stores in 47 states, announced it had landed Deborah Cavanagh as its new chief marketing officer. She is charged with leading the multichannel brand’s marketing and creative services. One of Cavanagh’s first orders of business? To re-engage the Coldwater Creek core customer, as well as connect with new ones.

August 23, 2013

Ann Inc. reported that its second quarter net income rose a better-than-expected 16% to $35.6 million, with strong performances from both its Ann Taylor and Loft banners.

New York -- Ann Inc. reported that its second quarter net income rose a better-than-expected 16% to $35.6 million, with strong performances from both its Ann Taylor and Loft banners. Similar to many other retailers in recent weeks, the chain trimmed its full-year revenue forecast.

Revenue for the period ended Aug. 3 increased 7% to $638.2 million.
 
Same-store sales rose 2.8%, with a 3.1% rise at Ann Taylor and a 2.5% lift at Loft.

June 27, 2013

Expansion was the talk of the aisles in the Las Vegas convention center, as the International Council of Shopping Centers hosted its annual RECon global real estate convention May 19-22.

"We never really had a downturn," said Stephen Gallant, VP facilities development with Jos. A. Bank Clothiers, in the Women's Special Interest Group presentation "Retail: The Next Wave."

"We opened an average of 50 stores a year during the recession, and are continuing to gather strength in the more recent months and years," he noted.

June 6, 2013

Ann Inc., which runs the Ann Taylor and Loft, reported that its fiscal first-quarter net income dropped 27%, as unseasonably cold weather held back sales of spring and summer clothing and led to discounts.

New York -- Ann Inc., which runs the Ann Taylor and Loft,  reported that its fiscal first-quarter net income dropped 27%, as unseasonably cold weather held back sales of spring and summer clothing and led to discounts. The retailer also cut its revenue outlook for the year.

May 29, 2013

Loft, a division of Ann Inc., is expanding in Canada, with four new stores by the end of fall 2013.

Toronto -- Loft, a division of Ann Inc., is expanding in Canada, with four new stores by the end of fall 2013.

Loft entered Canada last November, at Yorkdale Shopping Centre in Toronto. The chain will open a store in Toronto Eaton Centrer, Toronto, in late May, followed by additional units at Lime Ridge Mall in Hamilton in July, Markville Shopping Centre in Markham in August and Square One Shopping Centre in Mississauga in October.

April 22, 2013

Ann Inc. said it has already surpassed its 2015 emission goal by reducing its carbon footprint by 8% per square foot.

New York -- Ann Inc. said Monday it has already surpassed its 2015 emission goal by reducing its carbon footprint by 8% per square foot.

The parent of Ann Taylor and Loft has now upped its objective, setting a new goal of reducing emissions per square foot by 30% by 2015.

The to-date reductions in carbon emissions were achieved through the implementation of key programs ranging from the installation of in-store energy-efficient lighting to behavioral change campaigns for associates.

March 8, 2013

Ann Inc., parent of Ann Taylor and Loft, said that its fourth-quarter profit rose to a better-than-expected $2.37 million from $2.18 million a year earlier.

New York -- Ann Inc., parent of Ann Taylor and Loft, said Friday that its fourth-quarter profit rose to a better-than-expected $2.37 million from $2.18 million a year earlier.

Sales rose 7.2% to $607.7 million. Total company store- sales for the quarter decreased 0.7%. By brand, same-store sales increased 1.4% across the Ann Taylor brand and fell 2.1% across the Loft brand.

January 24, 2013

Ann Inc. said that actress Kate Hudson will continue her role as the face of Ann Taylor for its spring and summer 2013 campaigns.

New York -- Ann Inc. said Thursday that actress Kate Hudson will continue her role as the face of Ann Taylor for its spring and summer 2013 campaigns.

However, said the retailer, this year Hudson's role will grow as both a design influence and charitable ambassador as well. For the summer collection, she will be developing a capsule collection for the brand. In addition, Hudson will join the Advisory Council for the company's ANNpower Vital Voices Initiative, a program that supports the empowerment of young women.

November 28, 2012

Ann Inc. reported net income was $40.7 million in the third quarter of 2012, versus $32.3 million in third quarter 2011.

New York -- Ann Inc. on Wednesday reported net income was $40.7 million in the third quarter of 2012, versus $32.3 million in third quarter 2011. The company also increased its outlook for the full year of fiscal 2012.

Total net sales for quarter were $612.5 million, compared $564.0 million in the year-ago period. By brand, net sales across all channels of the Ann Taylor brand totaled $244.6 million compared with net sales of $229.7 last year At the Loft brand, net sales across all channels were $368.0 million, compared with $334.3 million last year.

September 25, 2012

New York -- Ann Inc. announced Tuesday at the Clinton Global Initiative that it will expand on its Vital Voices initiative with a program it is calling “Commitment to Action.”

The parent company of Ann Taylor and Loft piloted its ANNpower Vital Voices Initiative in 2011 as a groundbreaking partnership with international NGO, Vital Voices Global Partnership. The effort aims to train and empower young women in the U.S. to create positive social change in their local communities and become the next generation of leaders.

August 17, 2012

Ann Inc. reported that profit for the second quarter rose 24% to $30.7 million, compared with $24.8 million in the year-ago period.

New York -- Ann Inc. reported Friday that profit for the second quarter rose 24% to $30.7 million, compared with $24.8 million in the year-ago period.

Same-store sales companywide increase 4.7%; by brand, Ann Taylor store comps increased 3.2% and Loft comps rose 4.1%.

The company raised its outlook for the full year of fiscal 2012, and also said that it is on track to open approximately 65 new stores this year, partially offset by the impact of downsizes at Ann Taylor stores and approximately 30 store closures. 
 

June 6, 2012

Loft, a division of Ann Inc. — formerly known as Ann Taylor — will open its first Canadian location at Yorkdale Shopping Centre in Toronto, Ontario, in late 2012.

Toronto -- Loft, a division of Ann Inc. — formerly known as Ann Taylor — will open its first Canadian location at Yorkdale Shopping Centre in Toronto, Ontario, in late 2012.

"Canada represents a natural step as we move to expand internationally, and we are excited to open our first store outside the U.S. in such a vibrant city like Toronto," said Gary Muto, brand president.

May 24, 2012

Ann Inc. announced that it will open two stores in Toronto, in fall 2012, marking the apparel retailer’s first foray outside the United States.

New York -- Ann Inc. announced Thursday that it will open two stores in Toronto, in fall 2012, marking the apparel retailer’s first foray outside the United States.

“Toronto is the perfect location to open our first international stores. It is a beautiful city filled with modern, sophisticated women who lead busy lives, and we are excited to bring a trusted fashion destination that offers great style as well as incredible versatility,” said head designer Lisa Axelson.

May 18, 2012

Ann Inc.'s fiscal first-quarter net income increased a better-than-expected 5%, boosted by growing sales at its Loft division.

New York -- Ann Inc.'s fiscal first-quarter net income increased a better-than-expected 5%, boosted by growing sales at its Loft division. The chain, which also operates Ann Taylor, said Friday that it earned $28.7 million in the three months through April 28, up from $27.3 million a year earlier.

May 4, 2012

Ann Inc. will open a 5,394-sq.-ft. Loft store in Fort Worth, Texas’s shopping, dining and entertainment district Sundance Square.

New York -- Ann Inc. will open a 5,394-sq.-ft. Loft store in Fort Worth, Texas’s shopping, dining and entertainment district Sundance Square.

The new store, slated to open in the fall in a vacant restaurant space, will join a lineup of Houston St. retailers that includes Jos. A. Bank, Pappagallo Classiques and Leddy’s Ranch.

Sundance Square unveiled plans for three new buildings to open in 2013 with retail space on the ground level of the buildings.

 

April 20, 2012

Ann Inc., the parent company of Ann Taylor and Loft, announced the launch of AnnCares360, a program in partnership with Good360, a nonprofit leader in product philanthropy.

New York -- Ann Inc., the parent company of Ann Taylor and Loft, announced the launch of AnnCares360, a program in partnership with Good360, a nonprofit leader in product philanthropy. The program will facilitate the donation of available displays, marketing items, and fixtures to local charities that support women and children.

March 9, 2012

Ann Inc. reported that net income for its fiscal fourth quarter dropped to $2.2 million from $8 million in the year-ago period, hurt by heavy promotions at namesake stores.

New York City -- Ann Inc. reported Friday that net income for its fiscal fourth quarter dropped to $2.2 million from $8 million in the year-ago period, hurt by heavy promotions at namesake stores.

Sales increased to $566.7 million, from $515.3 million, and same-store sales for fourth quarter rose 5.3%.

By brand, same-store sales plummeted 10.9% at namesake stores, but rose 8.1% at Loft stores. Strength in the online channel boosted overall same-store results.

February 2, 2012

Ann Inc. said that the president of its Ann Taylor brand, Christine Beauchamp, is leaving to pursue other opportunities.

New York City -- Ann Inc. said that the president of its Ann Taylor brand, Christine Beauchamp, is leaving to pursue other opportunities. She will be replaced by Brian Lynch, who had been president of the Ann Taylor Factory and Loft Outlet divisions and led the website sales for those brands.

The news came as the chain cut its revenue prediction for the quarter that ended in January to a level below analyst expectations, citing slumping sales at its Ann Taylor stores.