As we look ahead, our focus will continue to be on elevating our product offering at both divisions, as well as executing our recently-announced restructuring program. We believe we are positioning ourselves prudently to weather this period of softness and uncertainty and will remain focused throughout the upcoming year on managing the things within our control and mitigating business risk wherever possible."
For the 52-week period ended February 2, 2008, net sales increased 2.3% to $2,396.5 million, compared with net sales of $2,342.9 million for the 53-week period ended February 3, 2007.
By division, net sales for Ann Taylor decreased 5.1% to $866.6 million in fiscal 2007, compared with net sales of $912.8 million in fiscal 2006. For Ann Taylor LOFT, net sales increased 2.4% to $1,174.4 million in fiscal 2007, compared with net sales of $1,146.5 million in fiscal 2006.
Comparable store sales for the 52-week period ended February 2, 2008 decreased 3.3%. By division, comparable store sales for Ann Taylor decreased 3.7% in fiscal 2007, and for Ann Taylor LOFT, comparable store sales decreased 5.4% in fiscal 2007.
AnnTaylor Stores Corporation
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