Ann Inc. is an

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group of specialty

apparel A kanga, worn throughout the African Great Lakes region Clothing (also known as clothes, apparel, and attire) are items worn on the body. Typically, clothing is made of fabrics or textile A textile is a flexible material made by cr ...

retail Retail is the sale of goods In economics Economics () is the social science that studies how people interact with value; in particular, the Production (economics), production, distribution (economics), distribution, and Consumption ( ...

retail

chain store A chain store or retail chain is a retail Retail is the sale of goods In economics Economics () is the social science that studies how people interact with value; in particular, the Production (economics), production, distributio ...

s for women. The company headquartered in

New York City New York, often called New York City to distinguish it from New York State New York is a state State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of ...

and currently operates as a subsidiary of

Ascena Retail Group Ascena Retail Group, Inc. is an American retailer of women's clothing. Ascena also owns Lane Bryant and Catherines clothing store brands, and is the parent company of Ann Inc., operator of Ann Taylor and Loft stores. Chairman Emeritus Elliot Jaffe ...

. The stores offer classic styled suits, separates, dresses, shoes and accessories. The brand is marketed under five divisions: Ann Taylor, Loft, Lou & Grey, Ann Taylor Factory, and Loft Outlet.

History

Richard Liebeskind, the founder of Ann Taylor, opened his first Ann Taylor store in

New Haven, Connecticut New Haven is a coastal city in the U.S. state of Connecticut. It is located on New Haven Harbor on the northern shore of Long Island Sound in New Haven County, Connecticut, and is part of the New York City metropolitan area. With a population ...

in 1954. "Ann Taylor" was the name of a best-selling dress at Liebeskind's father's store. Both the best-selling dress and the name ''Ann Taylor'' were given by the father to his son, Richard Liebeskind, for good luck. Liebeskind decided to go with the name Ann Taylor because ''Ann'' was considered a very

New England New England is a region comprising six states in the Northeastern United States The Northeastern United States (also referred to as the American Northeast, the Northeast, and the East Coast) is a geographical region In geography ...

name, and ''Taylor'' evoked the image of tailored clothing. The name supposedly created the ideal identity of classic women's apparel. In May 1991, the company completed an initial public offering resulting in aggregate net proceeds of approximately $166.5 million. In March 2011, the company changed its name to Ann Inc., from Ann Taylor Stores Corporation. As of October 27, 2012, the total store count was 981: of 278 Ann Taylor stores, 101 Ann Taylor Factory stores, 510 Loft stores, and 92 Loft Outlet stores, as well as online at AnnTaylor.com and Loft.com. On May 18, 2015 Ascena Retail Group announced a $2.16 billion acquisition of Ann Inc. The buyout was completed on August 21, 2015. Ann Inc. will operate as an Ascena Retail Group subsidiary going forward. In 2017, Ann Taylor launched a subscription rental service called Infinite Style. Loft followed up in 2019 with Infinite Loft subscription, a size inclusive subscription business.

Divisions

Ann Taylor is a small US chain of clothing stores for women. Clothing is targeted for fashion forward career women. Ann Taylor was founded in 1954. Loft, originally Ann Taylor Loft, was established in 1996 as an extension of the original Ann Taylor brand, offers more relaxed fashions for work and home, in the "moderate" priced category. The selection provided at Loft initially was a more casual replica to that of the regular Ann Taylor, however has developed into its own brand, and now is known as a casual lifestyle brand. Loft also offers maternity clothing. Lou & Grey sells relaxed, comfortable athleisure items and active-wear inspired fashion. Ann Taylor Factory offers merchandise inspired by Ann Taylor stores, but manufactured for Ann Taylor Factory. Loft Outlet offers a Loft-based outlet environment, similar to the current Ann Taylor Factory stores, with unique Loft Outlet merchandise mirrored from popular and best-selling Loft products. There are currently 128 Loft Outlet stores throughout the United States.

Special collections

Ann Taylor Celebrations was launched in August 2005; it is a signature collection featuring dresses, wraps, sashes, shoes, and bags. Each piece in the collection is dyed to match. The collection can be worn for occasions from wedding parties to black tie and special events. In 2009 this line began being offered online only and was phased out in 2011. Ann Taylor Collections was launched 2007 and consists of luxury apparel, accessories, and shoes made using Italian made fabrics and yarns. The craftsmanship is of an elevated value and the price point is higher than other pieces. It is no longer produced. Ann Taylor Beauty consists of fragrance and bath and body products that were to be available in all Ann Taylor stores beginning late 2007 or early 2008. The Possibilities fragrance was released in November 2007. The body care line consisted of body mist, lotion, and body wash, and came in six scents. It is no longer produced. Loft Maternity was released in Summer 2007 under the motto "Because you have a LOFT to expect." While at first the LOFT Maternity line included only mid-range sizes, it expanded to include all Loft sizes (00–18) in Fall 2007. As of Summer 2010, LOFT Maternity operates exclusively online, using the tag line, "Clothes so stylish and comfortable you'll wish you could wear them for more than nine months."

Flagship stores

Ann Taylor has two flagship locations: * Store 0362: 645

Madison Avenue Madison Avenue is a north-south avenue in the borough A borough is an administrative division in various English language, English-speaking countries. In principle, the term ''borough'' designates a self-governing walled town, although in ...

* Store 0547: 600

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on the

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The company also has a Loft flagship store: * Store 1614: 1459

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Times Square Times Square is a major commercial intersection, tourist destination, entertainment center, and in the section of , at the junction of and . Brightly lit by numerous billboards and advertisements, it stretches from West to West Streets, an ...

Bankruptcy of Ascena

On July 23, 2020, Ascena, parent company of Ann Inc. filed for Chapter 11 bankruptcy, citing the COVID-19 pandemic and subsequent shutdowns as having "severely disrupted" its financial foundation. Stores with locations to be closed include Ann Taylor, LOFT, Lane Bryant and Lou & Grey stores, including all stores across brands in Canada, Puerto Rico and Mexico, as well as all Catherine Stores and a "significant number" of Justice stores.

References

External links

Official website

Ann Taylor Loft official website

Ann Taylor Celebrations official website

Ann Taylor SEC Filings

WWD.com Profile: Ann Taylor Stores
{{Authority control 1954 establishments in Connecticut Clothing retailers of the United States Companies based in New York City Companies formerly listed on the New York Stock Exchange Retail companies established in 1954 2015 mergers and acquisitions Companies that filed for Chapter 11 bankruptcy in 2020 Ascena Retail Group