AnnTaylor to Cut 160 Jobs

AnnTaylor Stores will cut about 160 jobs. Corporate and divisional jobs will be targeted.

The firm also plans to announce that Q2 earnings will be just above break-even.

Ann Taylor is a group of specialty apparel retail chain stores for women, headquartered in New York City. The brand is marketed under four divisions; Ann Taylor, Ann Taylor LOFT, Ann Taylor Factory and LOFT Outlet.