QUOTE AND NEWS
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...
MarketWatch  Feb 20  Comment 
Shares of Ann Taylor and Loft parent soar on report it's up for sale
TheStreet.com  Feb 20  Comment 
NEW YORK (TheStreet) -- Shares of Ann Inc. are gaining by 7.24% to $37.62 in pre-market trading on Friday morning, as speculation circulates that the parent company of the women's clothing and accessories retailers Ann Taylor and Loft has been...
Market Intelligence Center  Feb 18  Comment 
Ann Inc. (ANN) was selected by MarketIntelligenceCenter.com’s trade-picking algorithms today after trading between $35.72 and $36.47 on Tuesday before closing at $35.76. A diagonal spread using a long position in the Jan. '16 $20.00 call and a...
Market Intelligence Center  Feb 13  Comment 
Ann Inc. (ANN) traded between $35.36 and $36.40 before closing at $36.00 Thursday and presents some attractive trading opportunities today according to MarketIntelligenceCenter.com's patented algorithms. The computer program that picks trades for...
Market Intelligence Center  Feb 12  Comment 
Ann Inc. (ANN) presents a trading opportunity that offers a 7.26% return in just 127 days. A covered call on Ann Taylor Stores at the $35.00 level expiring on Jun. '15 offers an assigned return rate of 7.26% or 20.87% annualized. This trade...
Market Intelligence Center  Feb 3  Comment 
Ann Inc. (ANN) traded between $31.96 and $33.63 before closing at $33.20 Monday and presents some attractive trading opportunities today according to MarketIntelligenceCenter.com's patented algorithms. The computer program that picks trades for...
Market Intelligence Center  Jan 20  Comment 
Friday’s trading in Ann Inc. (ANN) gives options traders an opportunity for a 2.36% return. By selling the Mar. '15 $33.00 call and buying the Jan. '16 call at the $20.00 level for a net debit of $12.70, traders will book a profit as long as the...
Forbes  Nov 25  Comment 
Ann’s sales were impacted by weak mall traffic, sluggish consumer spending and a highly promotional environment. Despite the improvement in consumer confidence and the job situation, U.S. buyers have been somewhat reluctant in spending on...
Benzinga  Nov 21  Comment 
Ann Inc (NYSE: ANN) reported results Friday for the fiscal third quarter, ended November 1, 2014. Total net sales for the third quarter of fiscal 2014 were $646.8 million, below estimates of $648.27 and down from the $657.5 million reported in 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.

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