Ann Taylor Closing More Stores

Ann Taylor Stores is going through another round of store closures, this time shutting 30 units as it also cuts 160 office jobs. Last year in January the chain closed 117 stores and later upped that number to 163 units. The company currently operates 939 locations.The moves are part of a three-year cost-cutting plan that is intended to save Ann Taylor $125 million. Retail analyst Jennifer Black was quoted by Reuters, saying: “”The company is obviously on a mission to get back in the game with a vengeance. We believe they are well on their way.” Short term, though, this news isn’t good for landlords. We’re curious to see where some of these retailers will find their financial sweet spots. Once they cut back half of their store bases and leave a wasteland of empty space?