Ann Earnings Preview: Ann Taylor Stumbles As LOFT Remains A Drag

Although Ann Taylor had maintained a steady growth momentum over the past few quarters, its growth faltered in Q3 due to weak mall traffic, a highly promotional environment and delayed shipments. On the other hand, the retailer's relatively affordable brand, LOFT, continues to lose its growth momentum following its merchandise goof up. The brand had performed very well in 2013 amid an unconducive retail environment, but it hasn't been able to repeat that stellar performance this year.