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More on Ann's (ANN) Q1: Results helped by strong sales of Loft brand and significantly reduced...

More on Ann's (ANN) Q1: Results helped by strong sales of Loft brand and significantly reduced promotions at Ann Taylor store. SG&E expenses flat Y/Y as a percentage of total sales. Expects 2012 total net sales of $2.375B on comparable sales growth in mid-single digits. Shares -1.2% premarket. (PR)
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