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AnnTaylor takes conservative approach to new store growth
31 Jan '08
2 min read
"For 2008, in light of the current macro environment and retail slowdown, we are taking a very measured approach to capital spending for new store growth, including opening fewer Ann Taylor and LOFT stores and delaying the test of our new concept until 2009.
At the same time, we are planning to aggressively invest in factory channel expansion. We believe that this approach mitigates business and financial risk during this period of economic uncertainty and, in concert with the restructuring program, positions the Company to accelerate our growth plans as the economy and consumer spending improve," Ms. Krill stated.
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At the same time, we are planning to aggressively invest in factory channel expansion. We believe that this approach mitigates business and financial risk during this period of economic uncertainty and, in concert with the restructuring program, positions the Company to accelerate our growth plans as the economy and consumer spending improve," Ms. Krill stated.
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AnnTaylor Stores Corporation
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