Ann Taylor announced that over the next three years it will close a total of 117 underperforming stores.
A company spokeswoman said the company hasn’t revealed which stores will be shuttered. It will let the stores that will close this fiscal year know over the next month.
Ann Taylor, which targets affluent women, has five stores in Orange County. Ann Taylor Loft, which caters to the upper moderate consumer, has eight shops in O.C.
Nationally, the company will close 39 Ann Taylor stores, or 11 percent of its current store count. For Ann Taylor Loft, it will shutter 78 stores, or 16 percent of its current store count.
In December 2007, companywide sales at stores open at least a year fell 9.4 percent. In December 2006, they fell 5. 3 percent. These figures, called same-store sales, are a key gauge of a retailer’s health.
(Photo from Ann Taylor’s Web site.)
More from OC Retail:
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- Macy’s exec addresses store closure rumors
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- Mervyn’s gives liquidation sales date for last 9 O.C. stores
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- Bella Terra store closes
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- Bankrupt shoe retailer closing last 2 O.C. stores
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For more from OC Retail, see list of links on right-hand side of this blog.
