Business Attire

AnnTaylor Stores, known for providing women’s business attire, has ventured into casual wear which generated additional revenues for the company. The retail giant reported decline in sales on its business attire for the past two years, citing the trend where women invest their money on necessities for their families.

For the past two quarters last year, the company reported slight profits. For fourth quarter alone, a mere $41,000 in profits has been reported by the company. Despite this, analysts said that this is still a positive development considering that a year ago, the company lost a staggering $375.6 million or about $6.66 per share.

This led the officials to expand its line by going beyond the business attire collection. The company is set to offer casual wear and other items that fit the women’s needs.