AnnTaylor to Close More Retail Stores

Richardkittyhawk 07:06:39 PM Mar 08 2009

President Bush had little if anything to do with AnnTaylor closing stores. The problem is a global recession. Look at the news and you will realize that the world is in a recession. Much of this recession is blamed on the subprime mortgage meltdown but it also is about a slowdown of economic growth and debt catching up to the borrowers. Americans have overspent and failed to save for the future while purchasing homes they could not afford as well as cars, credit cards, etc... The stock market is going to drop again very soon, possibly to as low as 6000 or maybe even 5500.

Vrhernandez1 01:59:57 AM Mar 08 2009

LOL! Sure blame Bush jr. for stupid decisions some Americans made... like YOU couldn't afford the mortage, car lease payments, expensive vacations, and biggy HELOC! SHAME ON YOU! Bush didn't twist your arms into this mess. No worries though! Obama the MESSiah will save you ......NOT!

Jkgallaher5543 12:59:22 AM Mar 08 2009

Again, many thanks to our former president, George. W. Bush. What a winner he was. We'll all remember you for many decades.

GillilandHeather 12:49:40 AM Mar 08 2009

Obama is not gonna save us...he is spending all our money. Get out and spend...just spend smart. save these stores. 1.20.2013 is it here yet?

GillilandHeather 12:47:30 AM Mar 08 2009

Just want to clear up a common mistake. There are four different stores run under the name Ann Taylor. They are Ann Taylor, LOFT, LOFT outlet and Ann Taylor Factory. They are all different stores run differently. They are based from the same company though. I believe the stores they are closeing are a mixture of the four not all Ann Taylor. I currently work at LOFT. We had a VERY difficult time after christmas, but thankfully sales have picked up dramatically this month. I would say in our store we are making double if not more on some days what we were a couple months ago.Please for the employees sanity do not go in a store and ask if they are closing. We get asked 80 times a day and it gets old quick. Thanks. And no my store is not one that is closing. We are the highest performing store on the east coast.

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BESTBUNNY10 11:04:40 PM Mar 07 2009

Best thing for AT to do is cut the retail stores and supply the big chain stores...maybe reduce the quality somewhat and even make goods for places like JCP. Target and Sears. Their overhead will go down dramatically and the affordability will keep them alive,. If the economy picks up and they are able to survive then they can go back to opening some stores again.Wilsons House of Suede had a terrible time with its stores before the crash but I have noticed that they are making suede and leather goods for the big designers besides their own label. Now that is brains.

LaurenLibert 10:50:59 PM Mar 07 2009

please Obama save our stocks

LaurenLibert 10:50:18 PM Mar 07 2009

i hate bush what he did to ushe made us loose our money in stocki hope our new p? save our stockplease save our stores

Rnkatharine 10:48:23 PM Mar 07 2009

I love AT because: 1) they're one of the very few stores that have a great selection of fashionable petite sizes. 2) Their merchandising is very good--attractive, not too much stock just crammed into the space, appears organized. 3)Saleswomen are friendly, helpful; but not too much so. I sincerely hope they're able to navigate through these troubled times.