Dressy casual wear performs well at Ann Taylor, Aug
03 Sep '05
3 min read
Women's fashion specialty retailer AnnTaylor Stores Corporation announced the total net sales for the four-week period ended August 27, 2005 increased 16.3 percent to $134,103,000 over total net sales of $115,311,000 for the four-week period ended August 28, 2004.
By division, net sales were $53,126,000 for Ann Taylor compared to $49,183,000 last year, and $66,783,000 for Ann Taylor LOFT compared to $54,414,000 last year.
Comparable store sales for the period increased 3.7 percent compared to a comparable store sales decrease of 4.5 percent for the same four-week period last year. By division, comparable store sales for August 2005 were up 5.6 percent for Ann Taylor compared to an 8.0 percent decrease last year, and up 1.9 percent for Ann Taylor LOFT compared to a 2.7 percent increase last year.
Ann Taylor President, Kay Krill, said, "The performance in August was in line with their expectations, and the client responded well to newer merchandise at both divisions. At Ann Taylor, the wear-now aspect and refined sensibility of company merchandise is resonating well with their client, especially in suiting and relaxed business as well as dresses, skirts and tops."
"At LOFT, the transitional product, especially in the relaxed business and dressy casual wear, was strong. They are confident that company leaner inventory position combined with improved, more brand-appropriate merchandise will enable the Company to deliver improved margins leading to enhanced shareholder value."
marketing@alchempro.com
