Interviews
News Flash
Ann Taylor reports strong Q2 results, boosts year view
18 Aug '06
4 min read
Comparable store sales for the first half of 2006 increased 8.0 percent over the same period last year. Comparable store sales by division were up 6.9 percent for Ann Taylor and up 9.7 percent for Ann Taylor LOFT.
Gross margin as a percent of net sales for the six-month period of 2006 was 55.4 percent, compared to 49.2 percent in the same period of 2005.
The company expects comparable store sales for the second half of 2006 to increase in the low single-digit range over 2005, which would result in a comparable store sales increase for the full year 2006 in the mid-single-digit range over 2005.
For the full year, the company plans to open approximately 55-60 LOFT stores, 10 Ann Taylor stores, and 5 Ann Taylor Factory Stores, implying total net square footage growth of approx. 7 percent.
The company anticipates that capital expenditures for fiscal 2006 will be in the range of $160-$165 million, including new store construction, store renovation and re-branding, information systems, corporate office and distribution center initiatives as well as other general corporate investments.
Ann Taylor is one of the country's leading women's specialty retailers, operating 828 stores in 46 states, the District of Columbia and Puerto Rico, and also at online stores.
Gross margin as a percent of net sales for the six-month period of 2006 was 55.4 percent, compared to 49.2 percent in the same period of 2005.
The company expects comparable store sales for the second half of 2006 to increase in the low single-digit range over 2005, which would result in a comparable store sales increase for the full year 2006 in the mid-single-digit range over 2005.
For the full year, the company plans to open approximately 55-60 LOFT stores, 10 Ann Taylor stores, and 5 Ann Taylor Factory Stores, implying total net square footage growth of approx. 7 percent.
The company anticipates that capital expenditures for fiscal 2006 will be in the range of $160-$165 million, including new store construction, store renovation and re-branding, information systems, corporate office and distribution center initiatives as well as other general corporate investments.
Ann Taylor is one of the country's leading women's specialty retailers, operating 828 stores in 46 states, the District of Columbia and Puerto Rico, and also at online stores.
Ann Taylor 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)")
