Interviews
News Flash
Restructuring costs reduce AnnTaylor Q4 results
14 Mar '08
3 min read
Thus, while we expect fiscal 2008 to be challenging-particularly in the first half-we are confident that the actions we are taking, including evolving our brands to ensure they remain compelling and exciting, scaling back new store growth, implementing our restructuring program to reduce our cost structure, aggressively expanding our Ann Taylor Factory business and launching our new LOFT Outlet concept, will position the Company prudently in this uncertain environment. We believe we are well positioned for growth and success, as the economy improves."
The Company indicated that, due to the timing of its fiscal calendar, the fourth quarter and full year of fiscal 2007 included one less week than the comparable periods in fiscal 2006. The extra week of sales in fiscal 2006 benefited the fourth quarter and full year of fiscal 2006 by approximately $31 million. The Company further indicated that its comparable store sales results are reported on an equivalent-week basis.
Click here to view more:
The Company indicated that, due to the timing of its fiscal calendar, the fourth quarter and full year of fiscal 2007 included one less week than the comparable periods in fiscal 2006. The extra week of sales in fiscal 2006 benefited the fourth quarter and full year of fiscal 2006 by approximately $31 million. The Company further indicated that its comparable store sales results are reported on an equivalent-week basis.
Click here to view more:
AnnTaylor Stores Corporation
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
