Word: annelies
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...Ann A. Kiessling, director of the Bedford Stem Cell Research Foundation in Bedford, Mass., and an associate professor at the Medical School, expressed a similar sentiment...
...replying to the pillories of Louisiana governor Bobby Jindal’s lilting response to President Obama’s address to the nation, blogger Ann Althouse asked, “Why are all these people so confident that they are not manifesting racism?” Thus began another episode of race-card Tourette’s. Though many hoped that such accusatory innuendo would cease with Obama’s election, its metastasis to the right has exposed its severity...
...more realistic view of how stores are fairing under the withering decrease in demand caused by the recession, Ann Taylor (ANN) is a good example for analysis. In the fourth quarter, its sales dropped 20% to $483 million. It will close 163 of its stores. That is from a total of 935. The company's stock now trades at $2.82, down from a 52-week high of $29.23. Most of that collapse occurred over the last six months...
...Ann Taylor does not sell expensive clothes and accessories and it does not sell cheap ones. That puts it right in the center of the drop-off in middle class buying power. Firms including Liz Claiborne (LIZ) and Talbot's (TAL) are in about the same spot. Ann Taylor is probably much better off than genuinely failing retailers including Bon-Ton (BONT) and Gap (GPS). Ann Taylor, of course, is not Wal-Mart which will most likely stay in a world all its own for the duration of the downturn...
...meantime, Ann Taylor will close nearly 20% of its stores. The company has 5,500 workers. A lot of those people will lose their jobs. Closing 20% of the Ann Taylor stores is probably about right. This forecast is as accurate as any available because it is based on real trends in the retail industry...