StreetInsider.com  Oct 15  Comment 
Peregrine Pharmaceuticals, Inc. (NASDAQ: PPHM ) 25% HIGHER; announced the publication of a peer-reviewed manuscript related to preclinical research demonstrating that the company's lead drug candidate bavituximab, a phosphatidylserine...
TheStreet.com  Oct 15  Comment 
NEW YORK (TheStreet) -- ANN , owner of the Ann Taylor clothing chain, gained in late trading yesterday after disclosing that it had entered in a confidentiality agreement with a private-equity firm with a history of acquiring retailers,...
StreetInsider.com  Oct 14  Comment 
ANN, Inc. (NYSE: ANN) 7.4% HIGHER ; announced that it has entered into a non-disclosure agreement with Golden Gate Capital providing for the sharing of certain non-public information with Golden Gate. Lakeland Industries (NASDAQ: LAKE) 4%...
MarketWatch  Oct 14  Comment 
Ann Inc. , parent of Ann Taylor, said Tuesday it has entered into a non-disclosure agreement with Golden Gate Capital to provide certain non-public information with the private equity firm. Golden Gate disclosed in a filing in March it bought a...
TheStreet.com  Oct 3  Comment 
NEW YORK (TheStreet) --aAnn Inca was rated a new "equal weight" by analysts at Barclays with a price target of $42 this morning. The firm believes the retailer offers a well balanced portfolio of brands inavarying life stages, with Ann Taylor,...
Market Intelligence Center  Oct 1  Comment 
MarketIntelligenceCenter.com’s patented option-trade picking algorithm found two trade ideas on Ann Inc. (ANN) today after it traded between between $41.00 and $41.62 before closing at $41.13 on Tuesday. For more conservative investors, consider...
Benzinga  Sep 17  Comment 
Analysts at Wedbush initiated coverage on ANN (NYSE: ANN) with a Neutral rating. The target price for ANN is set to $23. ANN shares have gained 13.51% over the past 52 weeks, while the S&P 500 index has surged 15.85% in the same...
TheStreet.com  Sep 15  Comment 
NEW YORK (TheStreet) -- Shares of Ann Inc. are down 1.13% to $40.36 in mid-afternoon trading on Monday, after the women's apparel company, which sells merchandise under its Ann Taylor and LOFT brands, responded to hedges funds Red Alder LLC and...
StreetInsider.com  Sep 15  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/ANN%2C+Inc.+%28ANN%29+Responds+to+Engine+Capital+LP%2C+Red+Alder+LLC+Comments/9831514.html for the full story.
Yahoo  Sep 15  Comment 
Hedge funds Red Alder LLC and Engine Capital again urged Ann Inc to consider a sale to a private equity firm or another apparel company, stepping up pressure on the women's retailer to improve its performance. A sale to retailers like Chico's FAS...


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.


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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