AnnTaylor Stores Corporation, through its subsidiaries, operates as a specialty retailer of women's apparel, shoes, and accessories in the United States. Its stores offer a range of career and casual separates, dresses, tops, weekend wear, shoes, and accessories. The company serves customers through in-store and direct marketing, as well as through its online sites or by phone. As of February 2, 2008, it operated 929 retail stores in 46 states, the District of Columbia, and Puerto Rico under the Ann Taylor, Loft and Ann Taylor Loft, and Ann Taylor Factory brands. The company was founded in ...
I am recommending the sell of the retailing sector. Why? The reason is simple, no one is buying anything right now. When was the last time you heard of a friend, neighbor, or colleague bought a new car? I tell you that it is obvious all over America (if not the world) put discretionary spending on perma hold a couple of weeks ago. You can rest assured that there isn't a retailer in America (even Walmart) that will have a great quarter.
Ever since Bush went on prime time consequences..... the retail market has come to a screeching halt that is only slightly less frozen than the cr
3/14 - "Remember Mother’s admonition about how if you couldn’t find something nice to say ….? Ann Taylor Stores (ANN) is taking that to heart. The retailing environment is so cruddy, and the short-term performance so choppy, it just doesn’t acquit itself well anymore when it serves up monthly sales data. So it’s not going to do it."
"Annie missed targets with its fourth-quarter results, coming in a penny a share south of estimates, once it lopped off the charges it took for its on-going restructuring effort. Sales fell, as expected. The outlook isn’t very constructive: the first quarter an...
3/12 - "While Wilson's might be among the first companies to feel the crunch of the recession (or, if you prefer, "reduced consumer confidence and, incidentally, reduced spending"), it will probably not be the last. Specialty stores and boutiques are probably looking at a tough year. "Mall" stores like Ann Taylor (NYSE: ANN), American Eagle (NYSE: AEO), Sephora, The Gap (NYSE: GPS), and PacSun (NASDAQ: PSUN) tend to pay premium prices for their spaces, have a rather limited range of stock, and charge more money for their products. All of this adds up to a vulnerable position when it comes t...
Looking for the bottom?....Keep looking.
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About Ann Taylor Stores Corp.
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