Comparable store sales by division for the fiscal year-to-date period were down 3.2 percent for Ann Taylor compared to an increase of 0.3 percent last year, and down 3 percent for Ann Taylor LOFT compared to an increase of 17.2 percent last year.
In September, the Company purchased 300,000 shares of its common stock at a cost of approximately $7,900,000, bringing the total repurchased during fiscal 2005 to 975,000 shares. Of the $100,000,000 securities repurchase program approved by the Company's Board of Directors in August 2005, approximately $92,100,000 remains.
Ann Taylor is one of the country's leading women's specialty retailers, operating 808 stores in 46 states, the District of Columbia and Puerto Rico.