QUOTE AND NEWS
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...
SeekingAlpha  Sep 3  Comment 
By George Hanley: Women's retailer Ann (NYSE: ANN), operator of the Ann Taylor and Loft brands, has been struggling to find profit growth in FY2014, a trend that seemed to weigh on its stock price for much of the current year. The company has been...
Benzinga  Sep 3  Comment 
In the IntraLinks Deal Flow Indicator Q2 report, IntraLinks VP of strategy & product marketing, Matt Porzio said one of the sectors showing strong levels of early-state M&A activity was consumer, which includes retail. According to Porzio,...
SeekingAlpha  Aug 28  Comment 
By Options Calling: Ann Inc. (NYSE:ANN) released its second quarter earnings report recently. Shortly after the report was released, activist investor Engine Capital and its hedge fund partner Red Alder pressured Ann Inc. to sell Ann Taylor and...
TheStreet.com  Aug 27  Comment 
NEW YORK (TheStreet) -- Shares of Ann Inc.a are down -1.46% to $41.26 a day after it was reported that the company may be for sale,abut it's not clear how many suitors will come knocking, the New York Post reports. Shares of the company jumped...
Motley Fool  Aug 26  Comment 
Activist investors have suggested Ann could release some value by selling out, but it's not going to happen.
TheStreet.com  Aug 26  Comment 
NEW YORK (TheStreet) -- ANN shares are up 5.4% to $42.17 on Tuesday following newsathat the company was consulting with advisers at JPMorgan to "explore strategic alternatives," including a possible sale, according to a Reuters report. The...




 


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