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Stock Market & Financial Investment News

News Breaks
March 14, 2014
07:31 EDTANNAnn 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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April 13, 2015
06:22 EDTANNGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
April 9, 2015
09:18 EDTANNBofA/Merrill retail analysts hold an analyst/industry conference call
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