Thursday, May 24, 2007

AnnTaylor profit falls on weakness at LOFT

(Reuters) - Sales rose 4.3 percent to $580.3 million, as a greater number of stores and a growing factory outlet and Internet business helped offset a quarterly decline in stores open at least a year.




Same-store sales, a key metric of retail health, fell 3.3 percent for the quarter, as a 0.9-percent increase at Ann Taylor stores failed to offset a 9-percent decline at LOFT.


Read more at Reuters.com Market News

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