Ann Taylor news and archive

Ann Taylor Factory and Loft Outlet to launch e-commerce sites

Consumers looking for affordable womenswear online are soon to have two more options, as Ann Taylor Factory and Loft Outlet are both launching e-commerce websites. While loftoutlet.com is already online, the website for off-price Ann Taylor clothing is set to launch on Tuesday, June 26. Both brands are owned by Ascena Retail Group, one of the...

Fashion

Ann Taylor and LOFT Brands surpass fundraising goal of 5 million dollars

Ann Taylor and LOFT Brands just announced that they exceeded their fundraising goal of 5 million dollars for the Breast Cancer Research Foundation. The combined brands surpassed their goal six months ahead of their schedule, creating a new landmark for the fundraiser. "This year's record-breaking $5 million donation is a testament to the...

ManagementFeatured

Ann Taylor joins subscription-based clothing rental business

The U.S. feminine fashion retailer has made a strategic decision to compete with other clothing rental firms like Rent the Runway, in an attempt to revitalize its struggling fashion business. The brand, long a staple of women's workwear in the U.S., is launching a subscription clothing service, ‘Infinite Style’. The new subscription-based...

Report|ANALYSIS

Ascena’s stock shreds over 27 percent on poor profit and comps in Q4

Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) were down 28.6 percent on September, 20 after presenting weak fourth-quarter results and a bleak outlook. The stock hit its lowest price in over seven years. As highlighted by analysts, the main reason for such a dip were lower-than –expected profit and same-store sales for the period. In a report...