Ann Taylor owner cuts sales estimate on weak traffic
(Reuters) - Women's apparel retailer Ann Inc (ANN.N) cut its fourth-quarter sales estimate on Thursday, citing weak traffic and consumer spending.
The owner of the Ann Taylor and Loft stores estimated sales of $623 million, down from the $640 million it forecast in November.
Analysts on average were expecting sales of $636.4 million, according to Thomson Reuters I/B/E/S.
(Reporting by Maria Ajit Thomas in Bangalore; Editing by Maju Samuel)
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