Profile: ANN Inc (ANN.N)
ANN INC., incorporated in 1988, through its wholly owned subsidiaries, is a specialty retailer of women’s apparel, shoes and accessories sold primarily under the Ann Taylor and LOFT brands. The Company’s Ann Taylor and LOFT brands offers a range of career and casual separates, dresses, tops, weekend wear, shoes and accessories. It offers updated past season sellers from the Ann Taylor and LOFT merchandise collections at its Ann Taylor Factory and LOFT Outlet stores, respectively, and the clients can also shop online at www.anntaylor.com and www.LOFT.com (together, Online Stores), or by phone at 1-800-DIAL-ANN and 1-888-LOFT-444. As of February 1, 2014 it operated 1025 retail stores in 47 states, the District of Columbia and Puerto Rico, consisted of 268 Ann Taylor stores, 539 LOFT stores, 108 Ann Taylor Factory stores and 110 LOFT Outlet stores. The Company operates through four segments, including Ann Taylor, LOFT, Ann Taylor Factory and LOFT Outlet.
Substantially all of the Company’s merchandise is developed by its in-house product design and development teams, who design merchandise exclusively for the Company. A small percentage of its merchandise is purchased through branded vendors, which is selected to complement its in-house assortment. The Company sourced merchandise from approximately 133 manufacturers and vendors in 17 countries. Approximately 37% of its merchandise unit purchases originated in China, 11% in the Philippines, 17% in Indonesia, 15% in India, and 13% in Vietnam. The Company’s wholly owned subsidiary, AnnTaylor Distribution Services, Inc., owns its 256,000-square-foot distribution center located in Louisville, Kentucky. The distribution center is located on approximately 27 acres. Its merchandise is distributed to stores, including the Online Stores, through this facility.
The Ann Taylor stores average approximately 5,000 square feet, the LOFT stores average approximately 5,700 square feet, the Ann Taylor Factory stores average approximately 6,800 square feet and its LOFT Outlet stores average approximately 6,600 square feet.
15TH FLOOR, 7 TIMES SQUARE
NEW YORK NY 10036
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