NEW YORK — Industry odds are on Ann Taylor Stores Corp. picking an insider to run the Ann Taylor Stores division — and soon. That’s because outsiders just don’t seem to work out there, no search firm has been retained and there’s a sense of urgency at the troubled chain.

According to sources, Kay Krill, president of the smoother-running Loft division, could be reassigned to oversee both divisions, continuing to report to J. Patrick Spainhour, chairman and chief executive officer of the $1.4 billion corporation. The company doesn’t want to lose her at Loft, considering that chain has been on a growth track, but they need a strong merchant at Ann Taylor Stores as well.

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