QUOTE AND NEWS
TheStreet.com  Apr 7  Comment 
NEW YORK (TheStreet) -- Ann Inc  has been downgraded to "perform" from "outperform," Oppenheimer said Monday. The firm said the revision was a valuation call, as the stock is trading above its average historical valuation. Must Read: Warren...
StreetInsider.com  Apr 4  Comment 
UPGRADES BofA/Merrill Lynch upgrades GameStop (NYSE: GME) from Neutral to Buy and moves its price target from $43 to $53. JPMorgan lifts Anadarko Petroleum (NYSE: APC) from Underweight to Overweight and adjusts its price target from $84 up to...
Benzinga  Apr 4  Comment 
In a note released Friday, Macquarie upgraded ANN (NYSE: ANN) from Neutral to Outperform and raised the price target to $53. In describing the reasoning behind this upgrade Macqaurie analyst Liz Dunn provided a list Including: On March...
Cloud Computing  Apr 2  Comment 
ANN ARBOR, Mich. and FAIRFAX, Va. , April 2, 2014 /PRNewswire/ -- Duo Security, the innovative leader in two-factor authentication, and LastPass, the leading password manager, announces a new partnership, integrating Duo's mobile-based...
Cloud Computing  Apr 1  Comment 
ANN ARBOR, Mich. , April 1, 2014 /PRNewswire/ -- ProQuest, an information firm central to research, joins libraries in schools, campuses and communities nationwide in celebrating National Library Week ( April 13-19 ). The company will provide...
Cloud Computing  Mar 24  Comment 
ANN ARBOR, Mich. , March 24, 2014 /PRNewswire/ -- ProQuest, an information firm central to global research, has completed the digitization of the archives of the National Association for the Advancement of Colored People (NAACP), making one of...
Benzinga  Mar 21  Comment 
Shares of Ann (NYSE: ANN) have surged 15 percent higher to $42.81, after Golden Gate Capital revealed a 9.5 percent stake in the company in a 13-D filing Thursday afternoon. In the filing, Golden Gate said the investment firm was in the...
SeekingAlpha  Mar 20  Comment 
By Chris Katje: Shares of Ann Inc. (ANN) are up 9% over the last five days after reporting strong fourth quarter earnings. The women's retailer saw strong same store sales growth and continues to be one of the best performing in its sector with...
Cloud Computing  Mar 19  Comment 
ANN ARBOR, Mich. , March 19, 2014 /PRNewswire/ -- William B. Inabnet III , M.D., FACS, an internationally recognized authority in the field of minimally invasive endocrine surgery, will present a free webinar on Wednesday, March 26 th, on...




 


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.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki