AnnTaylor Stores Corporation announced its sales results for the month of February 2008.
For the four-week period ended March 1, 2008, net sales increased 3.9% to $141.4 million, compared with net sales of $136.1 million for the four-week period ended March 3, 2007. By division, net sales for Ann Taylor totaled $50.0 million in February 2008, compared with net sales of $54.6 million in February 2007. For Ann Taylor LOFT, net sales totaled $66.9 million in February 2008, compared with net sales of $60.8 million in February 2007.
Comparable store sales for the four-week period ended March 1, 2008 decreased 1.7%. By division, comparable store sales for Ann Taylor decreased 8.7%, while at Ann Taylor LOFT, comparable store sales increased 2.8%.
Commenting on the announcement, Ann Taylor President & Chief Executive Officer Kay Krill stated, "As we expected, our results in the month of February reflected continued soft traffic trends in our business, albeit improved versus last month. At Ann Taylor, we were highly promotional during the month to keep our inventory turning and to move through the less-compelling January and February store sets.
At LOFT, well-received product assortments and very strong in-store metrics more than offset the impact of the weak traffic environment. Importantly, we ended the month with inventories at both divisions in good shape."
AnnTaylor Stores Corporation
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