ANN
Ann, Inc.NYSE
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  • Sat, May 14, 11:01 AM
    • The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L BrandsMacy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
    • The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
    • Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
    • Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
    | Sat, May 14, 11:01 AM | 38 Comments
  • Jul. 14, 2015, 1:39 PM
    • The question of when millennials will open up their checkbooks and stop sharing is posed by Bobbi Rebell in a Reuters piece.
    • The generation seems to unabashedly share houses (AirBnb), cars (Uber), car rentals (Zipcar), and entertainment services (Netflix).
    • Some think millennials aren't wired to covet non-electronics possessions, while others attribute the trend to a tight market for recent college graduates with high student loan balances.
    • The authors of Millennial Majority argues the latter in making the case spending by millennials will pick up dramatically as their resources improve.
    • One sector desperately looking for a millennial bounce is apparel which continues to trail broad retail. Companies such as Gap (NYSE:GPS), L Brands (NYSE:LB), Abercrombie & Fitch (NYSE:ANF), and Ann (NYSE:ANN) have had a few misfires due to the peculiarity of the group.
    • The oldest millennials are now in their lower thirties which should mean the question will be answered soon.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, IYK, IYC, FXD, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, UGE, PEZ, PSL, PSCC, PSCD, SZK
    • Previously: Retail sales: No help from department stores (Jul. 14 2015)
    • Previously: June Retail Sales miss expectations (Jul. 14 2015)
    | Jul. 14, 2015, 1:39 PM | 17 Comments
  • Jul. 13, 2015, 10:43 AM
    • Ascena Retail Group (NASDAQ:ASNA) is now down 14.4% on heavy volume after cutting FY15 profit guidance.
    • The dismal outlook arrived with some analysts already raising concerns on the costs of Ascena acquiring Ann.
    • Ann (NYSE:ANN) also trades weak, 3.36% lower on the day to a level slightly below its takeout price after starting the day with a $1.24 premium.
    | Jul. 13, 2015, 10:43 AM
  • Jun. 11, 2015, 8:48 AM
    • Clothing stores showed some signs of life in May as tipped in today's Retail Sales report.
    • The category was up 1.5% M/M and 3.6% Y/Y to outpace total retail sales.
    • The improvement is consistent is with the reads from the narrow range of apparel chains which still report monthly sales.
    • The sector has seen discounters show stronger traffic trends than mall-based chains, although both groups have eased off promotional activity a bit.
    • Previously: Retail sales stronger-than-expected in May
    • Related stocks: ANF, AEO, LUX, GES, CTRN, CATO, LB, PLCE, SSI, ROST, GPS, BOOT, CHS, MW, ANN, ASNA, BKE, DSW, EXPR, URBN, FRAN.
    | Jun. 11, 2015, 8:48 AM
  • May 22, 2015, 7:59 AM
    • Ann (NYSE:ANN) reports comparable-store sales fell 1.5% in Q1.
    • The company says sales were weak in February before improving in March and April.
    • Comp growth by brand: Ann Taylor -2.6%, Ann Taylor Factory -14.5%, LOFT -0.7%, LOFT Outlet -0.2%.
    • Gross margin rate -110 bps to 52.3%.
    • SG&A expense rate -140 bps to 47.5%.
    • Total inventory per square foot +3% Y/Y.
    • Store count +2 Y/Y to 1,034.
    • Ann was acquired by Ascena Retail (NASDAQ:ASNA) last week.
    • Previously: ANN beats by $0.04, misses on revenue
    | May 22, 2015, 7:59 AM
  • May 22, 2015, 7:46 AM
    • ANN (NYSE:ANN): Q1 EPS of $0.37 beats by $0.04.
    • Revenue of $597.7M (+1.2% Y/Y) misses by $7.17M.
    | May 22, 2015, 7:46 AM
  • May 21, 2015, 5:30 PM
  • May 18, 2015, 9:15 AM
    | May 18, 2015, 9:15 AM | 3 Comments
  • May 18, 2015, 7:40 AM
    • Ascena Retail Group (NASDAQ:ASNA) acquires Ann (NYSE:ANN) for $47 per share in a cash and stock transaction.
    • The deal terms give Ann an enterprise value of ~$2B.
    • ANN +18.83% to $6.01.
    | May 18, 2015, 7:40 AM
  • May 6, 2015, 5:25 PM
    • Ann (NYSE:ANN) +12.1% AH following a Reuters report that P-E firm Golden Gate Capital is in advanced one-on-one negotiations to acquire the parent of women's retailer Ann Taylor, in a deal that could value the company at ~$2B.
    • Ann is said to be interested in an offer in the low $40s/share, but it is not known how much Golden Gate is offering; a deal could come together as soon as next week, the report says.
    | May 6, 2015, 5:25 PM
  • Mar. 16, 2015, 1:57 PM
    • Shares of Ann (NYSE:ANN) carve out another 2.5% gain and are now up 12% since Thursday.
    • Improved comps at key brands and a commitment to cost-cutting measures by management has helped instill more confidence with investors and analysts.
    | Mar. 16, 2015, 1:57 PM
  • Mar. 13, 2015, 9:14 AM
    | Mar. 13, 2015, 9:14 AM | 7 Comments
  • Mar. 13, 2015, 8:02 AM
    • Ann (NYSE:ANN) reports comparable-store sales rose 1% across brands in Q4.
    • Comp growth by brand: Ann Taylor flat, Ann Taylor Factory -1.5%, Loft Outlet +6.6%, Loft +1.0%.
    • Gross margin fell 350 bps to 45.8% due to a high level of promotional activity at Ann Taylor and Loft.
    • Total inventory per square foot +11% Y/Y.
    • Guidance: 2015 revenue seen at $2.565B vs. $2.51B consensus with a gross margin rate of 52.0%.
    • Previously: ANN beats by $0.15, beats on revenue
    • ANN +4.2% premarket.
    | Mar. 13, 2015, 8:02 AM
  • Mar. 13, 2015, 7:48 AM
    • ANN (NYSE:ANN): Q4 EPS of $0.12 beats by $0.15.
    • Revenue of $647.4M (+3.9% Y/Y) beats by $20.87M.
    | Mar. 13, 2015, 7:48 AM
  • Mar. 12, 2015, 5:30 PM
    | Mar. 12, 2015, 5:30 PM | 2 Comments
  • Mar. 4, 2015, 10:45 AM
    • Shares of Ann (ANN +6.7%) spike after a report from Reuters indicates Golden Gate and Bain Capital are both interested in a leveraged buyout of the retailer.
    • It's not certain how far along talks have progressed.
    • Several attempted P-E buyouts in the retail sector have fizzled recently due to issues lining up suitable financing terms.
    • News on Ann seeking a sale broke last month.
    | Mar. 4, 2015, 10:45 AM