Ann Inc. announces strategic realiagnment of organization Ann Inc. announces strategic realiagnment of organizationto support an integrated stores/ecommerce structure and position the company for accelerated growth and efficiency. The realignment is expected to result in ongoing annualized pre-tax operating savings of approximately $25M, of which approximately $15M is expected to be realized in fiscal 2014. As a result of the strategic realignment, the company has streamlined its operations, eliminating approximately 100 positions from its corporate workforce. The company expects to record a pre-tax restructuring charge of approximately $15M in connection with the realignment, the vast majority of which is expected to be incurred in the fiscal first quarter.
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