Manufactured Housing Industry
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Stock of the Day
Today's Stock of the Day is AnnTaylor (ANN).
AnnTaylor's Transition to Casual Brings Surprise Profit
AnnTaylor Stores operates a popular women's clothing chain, so as you might expect, the last couple years have not been the brightest for this retailer. Many women have foregone buying items for themselves, in order to save money for necessities for their families. Other women have lost their jobs and struggled to find new employment, so purchasing business attire has fallen to the bottom of their lists of priorities. The store has struggled with some serious losses, but has fought hard to make changes that might turn this trend around. So when the company reported a third quarter profit in November, executives were optimistic; but would the company be able to beat expectations two quarters in a row?Read more
Click here to see the complete Stock of the Day archives!
AnnTaylor's Transition to Casual Brings Surprise Profit
AnnTaylor Stores operates a popular women's clothing chain, so as you might expect, the last couple years have not been the brightest for this retailer. Many women have foregone buying items for themselves, in order to save money for necessities for their families. Other women have lost their jobs and struggled to find new employment, so purchasing business attire has fallen to the bottom of their lists of priorities. The store has struggled with some serious losses, but has fought hard to make changes that might turn this trend around. So when the company reported a third quarter profit in November, executives were optimistic; but would the company be able to beat expectations two quarters in a row?Read more
Click here to see the complete Stock of the Day archives!
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On This Date
March 12, 1929:
Asa Candler, founder of Coca Cola, dies. He started the business in 1888 and sold it for $25 million.
Asa Candler, founder of Coca Cola, dies. He started the business in 1888 and sold it for $25 million.
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