In furthering its expansion strategy to drive top-line growth
and enlarge its footprint in Canada, upscale segment
) declared the opening of its first LOFT store on the west coast
of Canada. The store will be housed in The Village at Park Royal
shopping mall in Vancouver.
Covering an area of 4,823 square feet, the store will be
centrally located at the shopping mall. The new store will offer
a full range of women's apparel and accessories at a similar
price as in its U.S stores. The store aims to offer exciting
everyday fashion and evolve as the one-stop option for the women
in Canada. The store is scheduled to open doors on Nov 15.
After foraying into Canada last year, the company has opened 5
LOFT stores in Ontario along with the introduction of
international shipping. Excluding the latest store announcement,
the company operates 525 LOFT stores throughout the U.S. and
As of Aug 3, 2013, the company operated 1,007 stores under the
names of Ann Taylor, LOFT, Ann Taylor Factory and LOFT Outlet
stores across 47 states, the District of Columbia, Puerto Rico
We believe the company's strategy of expanding internationally
together with improving its e-commerce capabilities will boost
its top and bottom lines.
Headquartered in New York City, ANN operates as a national
retailer of upscale women's clothing. Its stores offer a full
range of apparel and accessories under the names Ann Taylor, Ann
Taylor Studio, ATdenim, Ann Taylor Petites and LOFT. It serves
customers through its traditional retail stores, online stores -
anntaylor.com and LOFTonline.com - as well as via phone. The
company targets college-educated women between the ages of 25 and
55, who are either professionals or employed in managerial
Ann currently carries a Zacks Rank #3 (Hold). Better-performing
stocks among apparel/shoe retailers include
Fifth & Pacific Companies Inc.
Finish Line Inc.
). All of these carry a Zacks Rank #2 (Buy).
ANN INC (ANN): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis
FINISH LINE-CLA (FINL): Free Stock Analysis
FIFTH PACIFIC (FNP): Free Stock Analysis
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