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Ann Inc. Q4 profit tops Street; launching international shipping
New York -- Ann Inc., parent of Ann Taylor and Loft, said Friday that its fourth-quarter profit rose to a better-than-expected $2.37 million from $2.18 million a year earlier.
Sales rose 7.2% to $607.7 million. Total company store- sales for the quarter decreased 0.7%. By brand, same-store sales increased 1.4% across the Ann Taylor brand and fell 2.1% across the Loft brand.
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ShopperTrak: February 2013
Total U.S. Shopper Traffic in Retail Stores and Malls for February 2013
An unexpected decrease in shopper traffic around Valentine’s Day and Presidents Day led to an overall slower retail performance for the month of February.
Retail foot traffic for February decreased 5.4% compared with January 2013, departing from the positive year-over-year retail traffic trends seen in recent months. Foot traffic for February 2013 decreased 6.4% compared with the same month last year.
