ANN Inc. (NYSE:ANN) is a multi-channel retailer and distributor of women's apparel, shoes and accessories under the Ann Taylor and LOFT brands. As of the end of last year, the company operated a total of 984 stores in North America with the vast majority of them in the US. The 4,300 employee company was founded in 1954 in New Haven, Connecticut and sports a current market cap of $1.4 billion.
In this article, I intend to show that investors still have not forgiven ANN for the horrendous performance the company turned in during the financial crisis and commensurate consumer discretionary spending malaise the company found itself a victim of. The company is growing sales and profits not...
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