Around the Net

Ann Inc. Beats Expectations

Ann Inc., formerly Ann Taylor, reported a 33.4% rise in quarterly net income to $32.3 million, beating analysts’ estimates.

The company’s performance was boosted by strong demand for its Loft brand, where same-store sales rose 7.9%. Same-store sales rose 2.5% at Ann Taylor. Comp-sales were up 45.8% in the Ann Taylor e-commerce channel and 1.8% in the Ann Taylor Factory channel. Total same-store sales were up 5.5%.

Read the whole story at Chain Store Age »

Next story loading loading..