QUOTE AND NEWS
Market Intelligence Center  Aug 18  Comment 
For a hedged play on Ann Inc. (ANN) MarketIntelligenceCenter.com’s patented trade-picking algorithms recommend the Dec. '15 $45.00 covered call for a net debit in the $44.01 area. That is also the break-even stock price for the covered call....
Market Intelligence Center  Aug 3  Comment 
After closing Friday at $45.75, Ann Inc. (ANN) presents an attractive opportunity to get a 2.86% return in just 137 days, which is an annualized return of 7.61% (for comparison purposes only). To enter this trade, sell one Dec. '15 $45.00 call for...
Reuters  Jun 27  Comment 
From renaming an ice cream flavor to flying the gay movement's rainbow flag, many American corporations celebrated Friday's U.S. Supreme Court decision to legalize same-sex marriage and said it made good sense for their businesses.
TheStreet.com  Jun 12  Comment 
NEW YORK (TheStreet) -- RBC Capital Markets upgraded Ascena Retail to "outperform" from "sector perform" on Friday. The analyst firm set a price target of $20 for the retailer. RBC analyst Brian Tunick believes that Ascena's estimates are...
Benzinga  Jun 1  Comment 
Ascena Retail Group Inc (NASDAQ: ASNA) is scheduled to announce its third quarter financial results after the market closes on Tuesday and, according to Estimize, both experts and the crowd expect to see a year-over-year decline in earnings of...
TheStreet.com  May 26  Comment 
NEW YORK (TheStreet) -- Shares of Ann  are declining 0.33% to $46.81 after analysts at Jefferies today downgraded the company to "hold" from "buy" with a current price target of $47. "1Q comp trends were a mixed bag of strength at AT...
Benzinga  May 26  Comment 
Jefferies downgraded Ann Inc (NYSE: ANN) from Buy to Hold. The price target for Ann is set to $47. Ann shares have gained 20.44 percent over the past 52 weeks, while the S&P 500 index has surged 11.87 percent in the same period. Ann shares...
Benzinga  May 22  Comment 
Ann Inc (NYSE: ANN) reported better-than-expected earnings for the first quarter on Friday, but the company's sales missed analysts' expectations. The New York-based company posted quarterly net income of $13.6 million, or $0.29 per share,...




 


Ann Taylor Stores (NYSE: ANN) sells women's clothing in the United States and Puerto Rico under the names Ann Taylor, Ann Taylor LOFT, and Ann Taylor Factory Store. Through its various brands, the company seeks to provide busy women with an all inclusive shopping experience. The namesake brand focuses on meeting women's professional attire needs, while the LOFT store focuses on casual attire. In fiscal 2010, ANN posted $1.98 billion in net sales and $73.4 million in net income.[1]

In recent years, ANN's performance has been quite erratic. A lack of proper controls has often led to excess inventory and heavy discounting. Under the present leadership, ANN has sought to exercise better inventory oversight while repositioning its brands as full-priced destinations. As the company's main brands, Ann Taylor and Ann Taylor Loft approach market saturation, the company will be forced to develop new concepts in order to maintain acceptable growth.

Business Overview

Business Segments

Business Growth

Fiscal 2010 Performance (ended January 29th, 2011)

  • Net sales increased 8.3% to $1.98 billion.[1]
  • ANN posted net income of $73.4 million, compared to a $18.2 million loss in fiscal 2009.[1]

Trends and Forces

"Almost-luxury" Brands Hurt by Recessionary U.S. Economic Cycles

Consumer spending on near luxury goods such as ANN products is discretionary in nature. In times of economic recession consumer's quickly decrease expenditure on non-necessities like cashmere fleeces. For example, during a subprime lending crisis, real estate and credit markets are severely affected. Consumers faced with an inability to draw on equity in their home to fund purchases and a tougher overall credit market were in many instances "forced" to spend less on clothing. Additionally, other economic factors like the price of oil can further decrease disposable income available for discretionary purchases. Under such conditions, consumers to who do purchase clothing tend to skew their purchases toward lower-end retailers.

Reaching Market Saturation

Both of ANN's primary concepts are approaching market saturation. In order to keep growth from stalling, Ann Taylor is working on new outlets, like a new venture into high end custom designed fashion.

Competition

The retail environment is highly competitive especially in women’s apparel.

  • Talbots (TLB) - TLB has a successful women's apparel line, and also targets women over 35.
  • Chico's FAS (CHS) - CHS also has a successful women's apparel line.
  • Gap (GPS) - GPS offers similar apparel styles as ANN.
  • Nordstrom (JWN) - Brands sold at Nordstrom compete for female consumers who also shop at Ann Taylor and/or LOFT.
  • Macy's (M) - Brands sold at Macy's compete for female consumers who also shop at Ann Taylor and/or LOFT.
  • Limited Brands (LTD) - The Limited offers similar styles to Ann Taylor, but also has the very successful Victoria's Secret brand.

Superb ifnomraotin here, ol'e chap; keep burning the midnight oil.

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