Anntaylor Parent Company Anninc. Shares Rose 11.5%

U.S.A Lane Bryant AnnTaylor's parent company AnnInc20 issued a notice after the day, disclosing that GoldenGateCapitalCorp. currently owns 9.5% stake in the company. GoldenGate expressed the hope that he could make some constructive cooperation with AnnInc. and look forward to becoming a long-term investor. The news prompted AnnInc. (NYSE:ANN) shares to rise 11.5%. The time limit for news release has narrowed to $37.28, or 7.79%.

In the investment letter, GoldenGate called AnnInc. a great enterprise, believing its " Price of stock "Seriously underestimated".

9.5% of equity makes GoldenGate surpass 9.3% of BlackRockInc. and become the largest shareholder of AnnInc. (NYSE:ANN).

AnnInc. (NYSE:ANN) released its fourth quarter and full year earnings for the 2013 fiscal year last week. Net profit in the fourth quarter doubled from $2 million 400 thousand in the same period in fiscal 2012 to $4 million 700 thousand, and diluted earnings per share also increased by 100% to 0.10 US dollars, exceeding the average forecast of $0.07 by Reuters analysts.

Net sales of $623 million 300 thousand, basically reached analyst forecasts of $623 million 800 thousand, an increase of 2.6% over the same period last year, and a 2.9% increase in same store sales, of which LOFT brand sales increased 5.7%, but AnnTaylor brand was dragged down by factory stores and sales decreased by 1.1%.

The net profit as of February 1, 2014 reached US $102 million 400 thousand, or US $219 million per share, and net profit and earnings per share in the 2012 fiscal year were US $102 million 600 thousand and US $2.10 respectively.

　　 Net sales From $2 billion 400 million in fiscal year 2012 to $2 billion 500 million, LOFT brand sales grew 8.6% to $1 billion 533 million 700 thousand over the same period, and AnnTaylor brand grew 1.54% to $959 million 800 thousand over the same period last year. Overall store sales rose 2.3%, LOFT brand rose 3%, AnnTaylor brand rose 1.1%.

AnnInc. (NYSE:ANN) expects net sales in the first quarter of fiscal 2014 to reach US $600 million, which means that same store sales can not grow, and analysts expect us $613 million 300 thousand. Net sales for the year are expected to be US $2 billion 615 million, while the same store sales increase to a single digit interval.

The group announced business restructuring plan on the same day, and this year it will reduce 100 enterprise positions, accounting for about 5% of the total number of employees, which is expected to save 25 million of the annual pre tax operating expenses, of which 15 million US dollars can be achieved in fiscal year 2014, but at the same time, it will generate 15 million dollars in pre tax expenditure in the first quarter.

Another focus of the restructuring is GaryMuto, the incumbent president of LOFT brand, will be promoted to AnnInc.Brands president, leading the design, sales and marketing of all channels of AnnTaylor and LOFT brand.