Ann Inc. anticipates higher sales for Q4 2013
Ann Inc., parent company of Ann Taylor and The Loft, expects net sales and same-store sales to increase for the fourth quarter and full year fiscal 2013, on a year-over-year basis.
For the full year, Ann Inc. issued guidance for total net sales of $2.49 billion, reflecting a total net sales increase of 5% and a same-store sales increase of 2%.
For the fourth quarter, total company net sales are now expected to be $623 million, reflecting a same-store sales increase of 3%. At the Ann Taylor brand, total same-store sales declined 1%, reflecting an increase of 1% at Ann Taylor, offset by a decline of 6% in the Ann Taylor Factory channel. At the Loft brand, total same-store sales increased 6%, reflecting an increase of 8% at Loft, partially offset by a decline of 4% in the Loft Outlet channel.
"We are pleased with the year’s results, despite the fact that the fourth quarter came in lower than anticipated,” said Kay Krill, president and CEO of Ann Inc. “The company’s sales, gross margin and EPS for fourth quarter 2013 will be higher than fourth quarter 2012. However, soft traffic and tepid consumer spending across the industry negatively impacted us, particularly in factory outlet centers and geographic regions that experienced extreme winter weather.”
Coupons.com appoints new VP of investor relations
Coupons.com has appointed Lance M. Meyerowich as the company’s VP of investor relations. Meyerowich, who has two decades of experience on Wall Street, will report to CFO and chief operating officer Mir Aamir.
“Lance is extremely well known and respected in the financial community,” said Aamir. “I’m thrilled that he’s joining our growing team.”
Meyerowich spent 17 years at Goldman Sachs, where he most recently served as a managing director running an equity sales team in the securities division. Prior to Goldman Sachs, he was a senior financial analyst at Cowen & Company, and before that he worked as an auditor with Coopers & Lybrand.
He has a B.B.A. in accounting from the University of Wisconsin, Madison, and an M.B.A. from New York University’s Stern School of Business.
Coupons.com operates a leading digital promotion platform that connects brands and retailers with consumers, offering digital printable coupons, digital paperless coupons, coupon codes and other promotions. Founded in 1998, the company is based in Mountain View, Calif.
Estée Lauder taps new SVP of Global Corporate Innovation
The Estée Lauder Cos., whose brands include Aveda, Bumble and Bumble, American Beauty, Flirt! and M•A•C Cosmetics, has appointed Guillaume Jesel to the newly created position of SVP/general manager, Global Corporate Innovation.
Jesel will transition from his current role as SVP global and North America marketing for M•A•C Cosmetics to his new position, effective March 31. In his position, Jesel will report to Carl Haney, EVP global research and development, corporate product innovation, package development for Estée Lauder Co.
Jesel will lead global corporate innovation, including corporate technologies, external innovation and the company’s long-term innovation pipeline and portfolio. During his transition, he will work closely with Daria Myers, SVP global corporate innovation and sustainability. Myers will remain an adviser to both Jesel and Haney.