AnnTaylor Stores Corp. said Friday it swung to a third-quarter loss, as the financial crisis and restructuring costs weakened the retailer’s balance sheet.
For the quarter ended Nov. 1, the New York-based company reported a $13.4 million loss, or 24 cents a diluted share, compared with income of $40.8 million, or 66 cents a diluted share, in the same year-ago quarter. Excluding 24 cents a share in restructuring costs, the women’s apparel retailer said diluted earnings per share was breakeven.
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