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Ann Taylor

Headquarters: 7 Times Square
New York, NY 10036
Employees: 3,700
CEO: Kay Krill
Website
: http://www.anntaylor.com

Stock Symbol: ANN

Career Page

Ann Taylor is a specialty retailer of women's clothing offering suits, separates, dresses, shoes and accessories. There are 896 stores in 46 states, District of Columbia and Puerto Rico.

The Company meets the needs of modern women's busy lifestyles by providing a full range of career, casual and occasion offerings in one location.

Ann Taylor Stores Corporation operates under three distinct brands: Ann Taylor, Ann Taylor LOFT, and Ann Taylor Factory. Ann Taylor stores offer a complete range of contemporary American classics that are feminine, polished and versatile. Ann Taylor LOFT offers updated classic style with a more relaxed sensibility - at lower prices. Ann Taylor Factory, originally the company's clearance outlet, delivers its own uniquely designed apparel, reflecting Ann Taylor style at significantly reduced prices.

The company's merchandise is manufactured in over 26 countries, with approximately 32% made in China, 14% in Hong Kong, 12% in the Phillippines, and 6% in South Korea.

The company has flagship stores in New York, Chicago and Los Angeles.

Total net sales for the full year of fiscal 2010 were nearly $2 billion, compared with net sales of $1.8 billion in the full year of fiscal 2009. By brand, net sales across all channels of the Ann Taylor brand totaled $863.7 million in fiscal 2010, compared with net sales of $771.3 million in fiscal 2009. At the LOFT brand, net sales across all channels were $1,116.5 million in 2010, compared with net sales of $1,057.2 million in 2009.

During fiscal 2010, the Company opened 24 stores, comprised of 10 LOFT stores and 14 LOFT Outlet stores and closed 35 stores, comprised of 19 Ann Taylor stores and 16 LOFT stores. In addition, the Company converted six Ann Taylor stores to LOFT stores and four LOFT stores to LOFT Outlet stores.

The total store count at the end of the fiscal year was 896, comprised of 266 Ann Taylor stores, 502 LOFT stores, 92 Ann Taylor Factory stores and 36 LOFT Outlet stores.

CEO Kay Krill said the company has change its name to Ann Inc. in March.

History

Ann Taylor's rich heritage dates to 1954, when founder Robert Liebeskind, the son of a dressmaker, opened his first shop. Back then, "Ann Taylor" represented a best-selling dress style that had been gifted to the storeowner by his father. The "Ann Taylor" design embodied the well-dressed woman, and the Ann Taylor legacy was born.

The first Ann Taylor store opened in New Haven, CT in 1954. "Ann Taylor" was the name of a best-selling dress at the founder's father's store. Both the best-selling dress and the name "Ann Taylor" were given from a father to his son for good luck.

Benefits

- Medical Benefits
- Dental Benefits
- Vision Benefits
- Life Insurance
- Short-term Disability Plan
- Long-term Disability Plan
- Flexible Spending Accounts
- Transportation Reimbursement Incentive Program
- 401k Savings Plan
- Pension Plan
- Tuition Assistance Program
- Associate Discount Stock Purchase Plan
- 15% discount
- Savings Bonds
- Adoption Assistance Program
- Employee Assistance Program
- Paid Time Off
- Merchandise Discount -
Ann Taylor offers a generous associate discount of 40% off full-priced and 25% off marked-down items from Ann Taylor, Ann Taylor Loft and Ann Taylor Factory Direct, purchased in stores or online. Discount privileges are extended to the associate, his or her spouse, and authorized eligible dependents included on the associate's most recent income tax return.

Updated May 20, 2011

 

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