By  on August 7, 2014

Ann Inc. was the downer among retailers reporting July comparable-store sales — and its shares suffered as a result.

Theretailer issued a warning on second-quarter sales on Thursday, stirringconcerns over the entire missy sector. Ann reported that second-quartersales, projected in May to reach $670 million, had come in $22 millionbelow that at $648 million and that gross margin, originally expected tohit 53.5 percent of sales, ended the quarter at 52.4 percent.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus