By  on August 22, 2014

There’s an industry-wide problem and Kay Krill gets to the crux of it.

“We do not have a fashion must-have out there right now,” Krill, Ann Inc.’s president and chief executive officer, told WWD on Friday, just after Ann reported an 8.1 percent net income drop for the second quarter. “Since the colored-bottom trend, there has not been a got-to-have-it kind of item.”

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