Anntaylor, Inc.

ANN: a name favored by royalty and commoners, as well as a company recognized for its aspirational luxury and feminine wear-to-work style. The national retailer specializes in women's clothing, shoes, and accessories designed and sold exclusively under its Ann Taylor and LOFT monikers. The Ann Taylor brand targets fashion-conscious career women through about 370 namesake stores (about 100 of which are "Factory" outlets), while the LOFT brand offers moderate-to-more priced casual apparel through some 600 stores (95 of which are outlets). ANN also moves its merchandise through its fast-growing online business for both brands. ANN has favored its own name since changing from AnnTaylor Stores Corporation in 2011.

Geographic Reach

The retail chain has stores in 47 US  states, the District of Columbia, Puerto Rico, and now Canada. ANN Inc., Canada, the company's Canadian subsidiary, opened three stores in Toronto in late 2012. The chain's entry into Canada was its first step toward growing its brands internationally.

Operations

The women's apparel retailer's operations embrace a multichannel strategy, which spurred the retailer to adopt a new moniker. ANN INC. is intended to reflect the company's emphasis on its outlet and online operations as it caps off an aggressive restructuring of its retail store network.

Financial Performance

ANN's sales increased 7% versus the prior year, to nearly $2.4 billion in fiscal 2013 (ended January). Net income was up 19% over the same period. Indeed, 2013 marked the third consecutive year of rising sales, and fourth year of increasing profits, for the chain, which went through a rough patch in the late 2000s, when the sour economy and weak demand for women's career apparel conspired to drive down sales. ANN's sales were just shy of their all-time high (reached in fiscal 2008), driven by a 3% increase in same-store sales in fiscal 2013 and the addition of new stores. Same-store sales at LOFT brand stores (up 5% in fiscal 2013) are outpacing comparable growth at Ann Taylor shops (up 1%).

Strategy

With several years of good financial performance under its fashionably skinny belt, ANN has returned to growth mode, adding new stores and expanding into Canada in 2012. Over the past two years, ANN has added about 135 new stores, including three shops in Toronto in late 2012. As it has for several years now, the growth of the LOFT chain is outpacing (and outnumbers) growth of Ann Taylor brand shops. The retailer's recipe for growth includes expanding its e-commerce business, while adding stores, including factory and outlet shops.

▲ Show Less▼ Show Full Description


Anntaylor, Inc.


7 Times Sq New
New York, NY 10036
Phone: 1 (212) 541-3300
www.anninc.com

STATS


  • Employer Type: Unknown
  • Exec V Pres: Barbara Eisenberg
  • Chb: Katherine Krill
  • Cfo: Michael Nicholson

Major Office Locations

  • New York, NY

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers