Women’s apparel retailer Ann Taylor Stores Corp. Friday reported a 27 percent drop in second-quarter earnings on Friday, hurt by declines in traffic and merchandise misses.

Nonetheless, shares of Ann Taylor rose 6.4 percent to $31.55 as the retailer’s bottom line bested Wall Street expectations. Ann Taylor reaffirmed its fiscal 2007 outlook, also above consensus estimates, and announced a new $300 million share buyback program.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus