Ann Inc. topped Wall Street earnings expectations in the first quarter on the strength of the Loft division. But the Ann Taylor brand saw comparable-store sales fall 6.9 percent, with a 15.5 percent drop at its stores, as the company steered away from price cuts.
“In the [Ann Taylor] stores channel, we significantly reduced promotional activity as we focused on reinforcing the aspirational nature of the brand,” Kay Krill, chief executive officer, said. “We have invested more in opening price points and select categories, and are seeing great success so far.…We definitely have become more surgical in our approach to markdowns and promotions in this channel, and we are definitely improving our gross margin rate and we will continue to be surgical in our approach as well.”
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)