QUOTE AND NEWS
Market Intelligence Center  Jul 23  Comment 
Ann Inc. (ANN) traded between $37.36 and $38.10 before closing at $37.39 Tuesday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s patented algorithms selected a Sep. '14 $37.00 covered call for a net debit...
Forbes  Jul 17  Comment 
While Ann Taylor’s average store count has been wayward in the recent past, we expect it to rise gradually going forward, driven by the expansion of new concept stores and a Canadian expansion. However, the retailer’s store consolidation...
Benzinga  Jul 14  Comment 
In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating on ANN (NYSE: ANN). In the report, Morgan Stanley noted, “Over the past 7 years, management has delivered across many value creating...
TheStreet.com  Jun 2  Comment 
NEW YORK (TheStreet) -- Analysts at UBS lowered their price target on Ann Inc. to $45 from $48 on Monday based on valuation and margin pressure from the company's factor and outlet stores. The firm also lowered its estimates on the women's...
TheStreet.com  May 30  Comment 
NEW YORK (TheStreet) -- Ann Inc.  stock is gaining Friday after beating first-quarter earnings and guiding for better-than-expected revenue in its second quarter.  By early afternoon, shares have dropped 5.2% to $39.30. Over the three months...
SeekingAlpha  May 30  Comment 
Ann Inc. (ANN) Q1 2014 Earnings Conference Call May 30, 2014 08:30 AM ET Executives Judy Lord - VP, IR Kay Krill - President and CEO Mike Nicholson - EVP, CFO and COO Analysts Betty Chen - Mizuho Securities Lorraine...
Benzinga  May 30  Comment 
Ann (NYSE: ANN) reported a better-than-expected first-quarter profit. Ann's quarterly earnings fell to $5.2 million, or $0.11 per share, versus $20.9 million, or $0.44 per share, in the year-ago quarter. Excluding certain items, the company...
MarketWatch  May 30  Comment 
Ann Taylor shares climbed almost 4% in premarket trade Friday, after the company beat profit estimates by 2 cents. The company said it earned $5.2 million, or 11 cents a share, in the first quarter, down from $20.9 million, or 44 cents a share,...
StreetInsider.com  May 29  Comment 
The Trading Radar highlights key earnings and economic announcements for the next trading session: Before Markets Open: Economics: 8:30am EDT Personal Income - Street sees 0.3% Personal Spending - Street sees 0.2% PCE Prices: Core - Street...
Benzinga  May 27  Comment 
Women's retailer Ann Inc. (NYSE: ANN) is set to report its quarterly earnings results on Friday. Thus far in 2014, the stock has outperformed the broader market, rising a little less than 7 percent. The stock was upgraded to Outperform at...




 


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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