AnnTaylor Stores (ANN) Reports Increase in November Same-Store Sales

AnnTaylor Stores Corporation (NYSE: ANN) announced its sales results for the month of November 2007.

For the four-week period ended December 1, 2007, net sales increased 12.2% to $209.2 million, compared with net sales of $186.4 million for the four-week period ended November 25, 2006. By division, net sales for Ann Taylor increased 1.4% to $74.3 million in November 2007, compared with net sales of $73.3 million in November 2006. For Ann Taylor LOFT, net sales increased 15.5% to $99.6 million in November 2007, compared with net sales of $86.2 million in November 2006.

Comparable store sales for the November 2007 period increased 3.9%, versus a comparable store sales decline of 4.3% in the November 2006 period. By division, comparable store sales for Ann Taylor increased 0.6% in the 2007 period, compared with a decrease of 3.4% the prior year. For Ann Taylor LOFT, comparable store sales increased 5.3% in November 2007, compared with a decrease of 7.7% the prior year.

Commenting on the Company's overall sales results, Ann Taylor President & Chief Executive Officer Kay Krill stated, "From a sales and margin perspective, November was a solid month overall for us...Importantly, we are entering December with healthy inventory positions at both divisions and with product assortments that we believe are better than last year."

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