Home / Knowledge / News / Apparel/Garments / Ann Taylor comments on Q1 results at Annual Meeting
Ann Taylor comments on Q1 results at Annual Meeting
15
May '09
Ann Taylor Stores Corporation President and Chief Executive Officer Kay Krill told shareholders at the Company's Annual Meeting that, while sales results in the first quarter were softer than expected -- specifically at the Ann Taylor division -- the Company expects to report a stronger bottom line than analysts have been expecting.

"Our performance in the first quarter has benefited from strong gross margins and the significant expense savings that we have achieved through our strategic restructuring program. However, our top-line results continued to be negatively impacted by the significant decline in consumer spending, especially for women's apparel, and by a product offering at the Ann Taylor division that was not compelling and did not yet reflect the evolution of the brand, which will begin this Fall.

Nevertheless, we did manage our expenses and our inventories very well in the quarter, and we were successful in delivering a first quarter 2009 gross margin rate that was much higher than the gross margin rate we reported in the fourth quarter of 2008. As a result, we expect to report a first quarter 2009 loss per diluted share that is much better than the current First Call consensus estimate," stated Ms. Krill.

Ann Taylor Stores Corporation


Must ReadView All

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search