Ann Taylor Parent Company Issued Profit Warning Stock Price Crash

< p > > a href= "http://sjfzxm.com/news/index_c.asp" > American < /a > women's brand Ann Taylor parent Ann Inc. (NYSE:ANN) has recently issued surplus police, subject to the same store sales and gross margin is not as good as expected, down two quarter expected gross profit margin to 52.4%, had been expected to be 53.2%, and expected same store sales fell 2.3%, after expected growth is 0%-5%, resulting in the price of shares fell 53.2% on Thursday. < /p >
< p > specific to brand, expect Ann Taylor same store sales to increase by 0.7%, of which Ann Taylor full price store sales increase 2%, factory stores have a 1.9% decline; LOFT brand two quarter expected same store sales will have a larger decline of 4.1%, of which the full price store fell 5.2%, LOFT Outlet has 0.3% increase. < /p >
< p > > a href= "http://sjfzxm.com/news/index_c.asp" > Ann Inc. < /a > the total sales in the two quarter are expected to be US $648 million, lower than the previous US $670 million < /p >
Kay Krill, chief executive officer of P Ann Inc., said that despite the positive performance since mid June, there was a moderate challenge in other two quarters. < /p >
< p > Lululemon large shareholders will sell 13.85% of the shares to the latter < /p >
< p > the founder and largest shareholder of the Lululemon Athletica Inc. (NASDAQ:LULU), the Canadian yoga clothing manufacturer, Dennis "Chip" Wilson has recently reached an agreement with the private equity fund Advent International, which will sell 13.85% of the Lululemon stake to the latter, with a transaction price of US $845 million. < /p >
< p > > a href= "http://sjfzxm.com/news/index_c.asp" > News < /a > stimulate Lululemon Athletica Inc. share price rose sharply, or increased 6.07% to 41.40 dollars. < /p >
< p > Advent International has invested in Lululemon Athletica Inc. in 2005, and is well familiar with Chip Wilson and the current chairman of the group, Michael Casey. In June 2009, Advent quit. < /p >
< p > according to the statement, as part of the transaction, Advent partners David M. Mussafer and managing director Steven J. Collins will join the Lululemon board. David Mussafer will also be appointed as co chairman of the group, and the board of directors will also increase from 10 to 12. < /p >