Specialty retailer Ann Taylor reports happy sales tidings for Nov
02 Dec '05
3 min read
Women's fashion specialty retailer AnnTaylor Stores Corporation announced that total net sales for the four-week period ended November 26, 2005 increased 24.8 percent to $182,489,000 over total net sales of $146,186,000 for the four-week period ended November 27, 2004.
By division, net sales were $76,246,000 for Ann Taylor compared to $62,992,000 last year, and $86,134,000 for Ann Taylor LOFT compared to $65,954,000 last year.
Comparable store sales for the period increased 12.9 percent compared to a comparable store sales decrease of 8.3 percent for the same four-week period last year.
By division, comparable store sales for fiscal November 2005 were up 18.6 percent for Ann Taylor compared to a 16.3 percent decrease last year, and up 10.2 percent for Ann Taylor LOFT compared to a 0.8 percent increase last year.
Kay Krill, President & Chief Executive Officer of Ann Taylor, stated, "They were pleased with the overall performance of their business in November, with both Ann Taylor and Ann Taylor LOFT delivering strong results in all regions.
Their special occasion product offerings have been very well-received, contributing to the double-digit comparable store sales increases experienced at both divisions.
The neutral color focus of champagne, ivory and black in both divisions was also exceptionally strong.
While they continue to carefully monitor the retail environment which remains highly competitive and promotional, based on their November results, they remain comfortable with their previous guidance of earnings per diluted share of $1.17 for fiscal 2005."
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