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Ann Inc. Q2 tops estimates as Ann Taylor, Loft fuel sales
New York -- Ann Inc. reported that its second quarter net income rose a better-than-expected 16% to $35.6 million, with strong performances from both its Ann Taylor and Loft banners. Similar to many other retailers in recent weeks, the chain trimmed its full-year revenue forecast.
Revenue for the period ended Aug. 3 increased 7% to $638.2 million.
Same-store sales rose 2.8%, with a 3.1% rise at Ann Taylor and a 2.5% lift at Loft.
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eShave leases Upper East Side storefront
New York — eShave, the Long Island City-based shaving products and services company, has leased its first Upper East Side storefront at 1025 Third Avenue between 60th and 61st Streets. The space is across the street from Bloomingdale’s.
Winick Realty Group represented eShave in the transaction, while the landlord, Mall Properties, was represented in-house.