Ann Taylor to close 117 stores
RETAIL DETAIL | Ann Taylor, a brand takes up a lot of real estate in my closet, plans to close 117 thanks to the dreaded economic decline that’s going on right now. Read more by clicking here.
As it turns out, Ann Taylor operates close to 900 stores including its flagship Ann Taylor stores, the more casual and less expensive Ann Taylor Loft and its outlet stores. The retailer will continue to open new stores despite the closures, so that means I’ll probably still be able to find one nearby.
We are probably going to start seeing numerous retailers make similar moves. Last week, Oakland-based Cost Plus World Market announced it would close 18 stores this year and open 17 in some of its strongest markets. Retailers are still making money during these times of “uncertainty” (I’ve heard that word like 1,000 times in the last few weeks). Who’s next?
As a side note, who’s Ann Taylor anyway? Well, according to the company’s Web site, Ann Taylor is not named after the person who started the company:
Ann Taylor’s rich heritage dates to 1954, when founder Robert Liebeskind, the son of a dressmaker, opened his first shop. Back then, “Ann Taylor” represented a best-selling dress style that had been gifted to the storeowner by his father. The “Ann Taylor” design embodied the well-dressed woman, and the Ann Taylor legacy was born.
Posted on Thursday, January 31st, 2008
Under: retaildetail | 1 Comment »






