Ann Taylor is entering the fray of attracting women in this agecategory after other chains have launched concepts targeting thesame age group. Some have failed. Gap Inc. rolled out a conceptcalled Forth & Towne in 2005 that executives promised at thetime would have a significant market demand, but the company shutdown the 19-unit chain earlier this year.
But when asked by analysts, Krill would not specify about hercompany's new concept or how competitors have fared. "I'm not goingto get into that conversation," she says.
News of the new chain comes as the retailer's second-quartersame-store sales fell 6.2% year over year. At its 350-store AnnTaylor chain, comps dropped 3.4%, while the 460-unit Ann TaylorLoft posted a 10% plunge.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
