Ann Inc news and archive

Ascena Retail buys Ann Inc. for circa 2.16 billion

Ascena Retail Group (ASNA) has acquired Ann Inc. (ANN), owner of the Ann Taylor and Loft brands and retail stores, for about 2.16 billion dollars. The deal is expected to be finalised in the second half of this year and will be financed through bank debt. Ascena announced it will acquire Ann for 47 dollar per share in cash and stock. News of the...

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Ann Inc reports positive comparable sale in Q4

For the fourth quarter of fiscal 2014, Ann Inc reported earnings per diluted share of 0.01 dollar against earnings per diluted share of 0.10 dollar in the fourth quarter of fiscal 2013. For the full year of fiscal 2014, earnings per diluted share were 1.46 dollars on a GAAP basis compared with earnings per diluted share of 2.19 dollars for the...

Business

Ann Inc total net sales decline to 646.8 mn dollars in Q3

REPORT_ For the fiscal third quarter of 2014, Ann Inc reported earnings per diluted share of 0.65 dollars on a GAAP basis, or 0.72 dollars per diluted share excluding the impact of a charge associated with the closure of Ann Taylor's Madison Avenue store of approximately 0.07 dollars per diluted share. This compares with earnings per diluted...

Business

Ann updates Q3 and full year outlook

REPORT_ Ann Inc today updated its outlook for the fiscal third quarter and full year 2014, and provided its outlook for the fiscal fourth quarter of 2014. Based on preliminary results, the update to the third quarter 2014 outlook provided on August 22, 2014 reflects lower-than-anticipated sales and gross margin rate performance. Total company...