ANN - Economy Hurting Ann Taylor Sales, Inventories Swell

We surveyed 26 Ann Taylor stores in recent weeks and discovered that 69% of respondents believe that the broader economic weakness is hurting business at their specific store. 65% also report excess inventories, historically a high number for this question. While concerns about the economy and excess inventory are problems at Ann Taylor, 58% of respondents do believe that sales are above average compared to last year while only 15% believe that business is below average.

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