Shareholders Urge Ann Taylor Parent Company Ann Inc. To Sell As Soon As Possible.

American women's clothing brand Ann Taylor parent Inc. Ann (NYSE:ANN) continues to be urged by investors to sell, and hedge funds Engine Capital LP and Red Alder LLC said on Monday that all shareholders agreed with the two selling proposals, saying that the exploratory sale option was very beneficial to the status quo of the company.

The end of August

Engine Capital LP and Red Alder LLC said on Monday that if Ann Inc. competitors such as Chico's FAS Inc, FAS, LP, or xxxxx sell competitors can sell US $60 to us dollar per share, which is more than 50% higher than last Friday's closing price of US $40.85, and even if we sell them to them, they can sell US $50 US dollars and US $25%.

Golden Gate Capital disclosed that it had already held Ann Inc. 9.5% shares at the beginning of this year, becoming the largest single shareholder of the latter, and regarded Ann Inc. as the largest shareholder.

Investors are not interested in divestment.

Ann Inc. has previously responded to communication with shareholders, and the company's board of directors and management are committed to creating value for all shareholders.

According to reports, Ann Inc. has hired JPMorgan Morgan chase as a consultant to explore potential future investment plans including sales.

Due to the decrease in passenger traffic, the same store sales decreased by 2.3% compared with the same period last year, and the gross margin increased sharply due to the increase in sales promotion. Ann Inc.'s net profit in the two quarter decreased by 8.1%, from 35 million 600 thousand dollars a year or 0.76 US dollars per share to 32 million 700 thousand US dollars, or 0.70 yuan per share.

Net sales decreased by 1.6% to $648 million 700 thousand a year, and gross margins were down 230 basis points to 52.4% from 54.7% in the same period last year.

Ann Inc. also lowered annual net sales to $2 billion 560 million, which was expected to be $2 billion 610 million, while the market is expected to have $2 billion 557 million.

The target has also been downgraded from the previously expected low single digit growth to the previous fiscal year.