More on Ann's Q2

|By:, SA News Editor

Ann (NYSE:ANN) reports comparable-store sales fell 2.3% in Q2, driven lower by slumps at Loft and with the Ann Taylor Factory channel.

Gross margin rate -230 bps to 52.4%.

SG&A expense ratio -140 bps to 43.9%.

Inventory +6.5% to $255.26M.

Store count +33 to 1,040.