QUOTE AND NEWS
Market Intelligence Center  Apr 22  Comment 
After Tuesday’s trading in Ann Inc. (ANN) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 4.22% or 26.58% (for comparison purposes only), while providing 5.32% downside...
Market Intelligence Center  Mar 20  Comment 
Ann Inc. (ANN) traded between $41.12 and $41.98 before closing at $41.66 Thursday and presents some attractive trading opportunities today according to MarketIntelligenceCenter.com's patented algorithms. The computer program that picks trades for...
TheStreet.com  Mar 17  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet, Inc., or any of its contributors.  TheStreet Ratings quantitative algorithm evaluates over 4,300 stocks on...
Benzinga  Mar 16  Comment 
In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating and $34.00 price target on Ann Inc. (NYSE: ANN). In the report, Morgan Stanley noted, "We believe ANN is financially well managed and...
Motley Fool  Mar 13  Comment 
ANN produces a solid beat in its fiscal fourth quarter, but is that enough?
Benzinga  Mar 13  Comment 
Shares of Ann Inc. (NYSE: ANN) jumped over 5% in pre-market trading after the company reported stronger-than-expected results for the fourth quarter. The New York-based company posted quarterly net earnings of $262,000, or $0.01 per share, down...
Forbes  Mar 12  Comment 
We expect Ann's results to be bogged down by continued weakness in core brands, a fall in foot traffic, heavy markdowns and inventory delays due to West Coast port issues. Although Ann Taylor registered steady growth for several quarters backed by...
Benzinga  Mar 4  Comment 
Shares of Ann Inc (NYSE: ANN) were up 8 percent Wednesday after Reuters reported that two private equity firms are allegedly competing to acquire Ann. The firms involved are Bain Capital LLC and Golden Gate Capital Corp, a source familiar with the...
Benzinga  Feb 23  Comment 
On CNBC's Stock Pops & Drops, David Seaburg suggested that Ann Inc (NYSE: ANN) should be sold after it jumped 4.79 percent on Friday. He doesn't believe that the company is going to be sold because this issue is around for too long. Guy Adami...




 


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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