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Ann Taylor comparable store sales drop 12.8% in April

11 May '07

3 min read

AnnTaylor Stores Corporation announced its sales results for April and the first quarter of fiscal 2007.

For the four-week period ended May 5, 2007, net sales declined 6.2% to $200.3 million, compared with net sales of $213.6 million for the four-week period ended April 29, 2006. By division, net sales for Ann Taylor declined 8.6% to $76.4 million in April 2007, compared with net sales of $83.6 million in April 2006. For Ann Taylor LOFT, net sales declined 9.6% to $96.6 million in April 2007, compared with net sales of $106.9 million in April 2006.

Comparable store sales for the April 2007 period decreased 12.8%, versus a comparable store sales gain of 10.9% in the April 2006 period. By division, comparable store sales declined 8.2% for Ann Taylor in the 2007 period, compared with an increase of 7.6% the prior year. For Ann Taylor LOFT, comparable store sales declined 17.4% in April 2007, compared with an increase of 13.4% the prior year.

For the first quarter of fiscal 2007, net sales advanced 4.3% to $580.3 million, compared with net sales of $556.2 million for the first quarter of 2006. By division, net sales for Ann Taylor increased 0.3% to $222.2 million in the first quarter of 2007, compared with net sales of $221.5 million the prior year. For Ann Taylor LOFT, net sales increased 0.2% to $274.3 million in the 2007 quarter, compared with net sales of $273.6 million the prior year.

Comparable store sales for the first quarter of 2007 declined 3.3%, versus a comparable store sales gain of 5.6% in the first quarter of 2006. By division, comparable store sales for Ann Taylor increased 0.9% in the first quarter of 2007, compared with an increase of 7.4% the prior year. For Ann Taylor LOFT, comparable store sales declined 9.0% in the 2007 quarter, compared with an increase of 4.7% the prior year.

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