AnnTaylor (ANN) January Comps Flat

AnnTaylor Stores Corporation (NYSE: ANN) comparable store sales for the four-week period ended February 2, 2008 were even with the four-week period ending January 27, 2007. By division, comparable store sales for Ann Taylor decreased 6.5% in January 2008, and for Ann Taylor LOFT, comparable store sales increased 5.9% in January 2008.

Net sales for the four-week period ended February 2, 2008 decreased 14.7% to $127.9 million, compared with net sales of $149.9 million for the five-week period ended February 3, 2007, which included approximately $31 million in net sales from the extra week.

Ann Taylor President & Chief Executive Officer Kay Krill stated, "As we expected, our results in January continued to be impacted by the macroeconomic slowdown as well as continued soft traffic trends at both divisions. To keep our inventories turning, we were promotionally aggressive during the month, and we are entering fiscal 2008 in a healthy inventory position."

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