please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . september 2011 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . september 2011 learn how and when to remove this template message learn how and when to remove this template message ann inc. type subsidiary industry retail founded 1954 founder richard liebeskind headquarters times square tower new york city new york u.s. key people ronald hovsepian chairman katherine krill president ceo and director michael nicholson evp cfo coo and treasurer revenue us 248.8 million 2q 2014 1 operating income us 54.9 million 2q 2014 1 net income us 32.7 million 2q 2014 1 total assets us 998.842 million 2q 2014 1 total equity us 474.618 million 2q 2014 1 number of employees 19 900 jan 2012 2 parent ascena retail group divisions ann taylor loft lou & grey ann taylor factory loft outlet website ann inc. corporate www.anntaylor.com www.loft.com 1 loft s sign in hudson ohio 5th avenue nyc 2013 ann inc. is an american group of specialty apparel retail chain stores for women . the company headquartered in new york city and operates as a subsidiary of ascena retail group . the stores offer classic styled suits separates dresses shoes and accessories . the brand is marketed under five divisions ann taylor loft lou & grey 3 ann taylor factory and loft outlet . contents 1 history 2 divisions 3 special collections 4 flagship stores 5 references 6 external links history edit richard liebeskind the founder of ann taylor opened his first ann taylor store in new haven connecticut in 1954 . 4 5 ann taylor was the name of a best selling dress at liebskind s father s store . both the best selling dress and the name ann taylor were given by the father to his son richard liebeskind 6 for good luck . 7 liebeskind decided to go with the name ann taylor because ann was considered a very new england name and taylor evoked the image of tailored clothing . the name supposedly created the ideal identity of classic women s apparel . in may 1991 the company completed an initial public offering resulting in aggregate net proceeds of approximately 166.5 million . 4 in march 2011 the company changed its name to ann inc. from anntaylor stores corporation . 8 as of october 27 2012 the total store count was 981 of 278 ann taylor stores 101 ann taylor factory stores 510 loft stores and 92 loft outlet stores as well as online at anntaylor.com and loft.com . 9 on may 18 2015 ascena retail group announced a 2.16 billion acquisition of ann inc. 10 the buyout was completed on august 21 2015 . ann inc. will operate as an ascena retail group subsidiary going forward . 11 divisions edit ann taylor is a chain of clothing stores for women . ann taylor stores compete in the better category with clothing targeted at affluent career women . ann taylor was founded in 1954 . loft originally ann taylor loft was established in 1996 as an extension of the original ann taylor brand offers more relaxed fashions for work and home in the upper moderate priced category . the selection provided at loft initially was a more casual replica to that of the regular ann taylor however has developed into its own brand and now carries a unique style to cater to a new and younger crowd . citation needed lou & grey sells active wear fashion . 3 ann taylor factory offers reduced prices as well as ann taylor factory merchandise . the company is now moving away from ann taylor factory clearance stores and are changing their stores to carry ann taylor factory merchandise . ann taylor loft outlet offers a loft based outlet environment similar to the current ann taylor factory stores with unique loft outlet merchandise mirrored from popular and best selling loft product . there are currently 128 loft outlet stores throughout the u.s. special collections edit ann taylor celebrations was launched in august 2005 it is a signature collection featuring dresses wraps sashes shoes and bags . each piece in the collection is dyed to match . the collection can be worn for occasions from wedding parties to black tie and special events . in 2009 this line began being offered online only . ann taylor collections was launched 2007 and consists of luxury apparel accessories and shoes made using italian made fabrics and yarns . the craftsmanship is of an elevated value and the price point is higher than other pieces . ann taylor beauty consisting of fragrance and bath and body products that were to be available in all ann taylor stores beginning late 2007 or early 2008 . the possibilities fragrance was released in november 2007 . the body care line consists of body mist lotion and body wash and comes in 6 scents . the scents are sugar vanilla orchid bloom almond vanilla warm fig peach honey sheer musk orange nectar honeysuckle silver tea citrus flower and creamy blackberry sandal wood . loft maternity was released in summer 2007 under the motto because you have a loft to expect . while at first the loft maternity line included only mid range sizes it expanded to include all loft sizes 00 18 in fall 2007 . as of summer 2010 loft maternity operates exclusively online using the tag line clothes so stylish and comfortable you ll wish you could wear them for more than nine months . citation needed flagship stores edit ann taylor has two flagship locations store 0362 645 madison avenue in new york city store 0547 600 north michigan avenue in chicago illinois on the magnificent mile the company also has a loft flagship store store 1614 1459 broadway at times square in new york city references edit a b c d e ann inc. reports second quarter 2014 results . investor.anninc.com . retrieved aug 22 2014 . ann taylor form 10 k annual report filing date mar 9 2012 pdf . secdatabase.com . retrieved jan 11 2013 . a b moore booth . new ann taylor brand lou & grey taps into active wear fashion trend . los angeles times . retrieved 2 december 2015 . a b ann taylor form 10 k annual report filing date mar 31 1994 . secdatabase.com . retrieved jan 11 2013 . ann taylor about us . anninc.com . retrieved jan 11 2013 . ann inc. careers . anntaylorcareers.com . retrieved 28 may 2015 . ann taylor profile nyjobsource.com . nyjobsource.com . retrieved 28 may 2015 . ann taylor form 8 k current report filing date mar 16 2011 . secdatabase.com . retrieved jan 11 2013 . ann taylor form 8 k current report filing date nov 28 2012 . secdatabase.com . retrieved jan 11 2013 . ascena buying ann taylor parent for 2.16 billion . forbes . may 18 2015 . retrieved august 25 2015 . ascena retail group completes approximately 2 billion acquisition of ann . fox business . august 21 2015 . retrieved august 25 2015 . external links edit official website ann taylor loft official website ann taylor celebrations official website ann taylor sec filings wwd.com profile ann taylor stores retrieved from https en.wikipedia.org w index.php title ann inc. & oldid 744319010 categories 1954 establishments in connecticutclothing retailers of the united statescompanies based in new york citycompanies formerly listed on the new york stock exchangeretail companies established in 1954hidden categories articles needing additional references from september 2011all articles needing additional referencesarticles with a promotional tone from september 2011all articles with a promotional toneall articles with unsourced statementsarticles with unsourced statements from september 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk 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