Ann Taylor Appoints Chief Information Officer
NEW YORK, May 9 /PRNewswire-FirstCall/ -- Ann Taylor Stores Corporation (NYSE: ANN) today announced that Michael Kingston has joined Ann Taylor as Chief Information Officer, reporting to Tony Romano, EVP and Chief Supply Chain Officer. Mr. Kingston will be responsible for the overall strategic direction and tactical delivery of all information technology systems and solutions to support the company's business operations. Mr. Kingston joins Ann Taylor from Coach Inc., where he was the Vice President of Applications, leading the company's initiatives in supply-chain and client management. Prior to joining Coach in 2003, Mr. Kingston worked for LVMH Moet Hennessey Louis Vuitton, where he served as Vice President and Chief Information Officer -- Shared Services and International Director of Information Services. Ann Taylor is one of the country's leading women's specialty retailers, operating 824 stores in 46 states, the District of Columbia and Puerto Rico, and also Online Stores at http://www.anntaylor.com and http://www.anntaylorLOFT.com as of the end of Fiscal 2005. FORWARD-LOOKING STATEMENTS Certain statements in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements may use the words "expect," "anticipate," "plan," "intend," "project," "may," "believe" and similar expressions. Forward-looking statements also include representations of the Company's expectations or beliefs concerning future events that involve risks and uncertainties, including: * the Company's ability to predict accurately client fashion preferences; * competitive influences and decline in the demand for merchandise offered by the Company; * effectiveness of the Company's brand awareness and marketing programs; * the Company's ability to secure and protect trademarks and other intellectual property rights in the United States and/or foreign countries; * general economic conditions, including the impact of higher energy prices, a downturn in the retail industry or changes in levels of store traffic; * fluctuation in the Company's level of sales and earnings growth; * the Company's ability to locate new store sites or negotiate favorable lease terms for additional stores or for the expansion of existing stores; * risks associated with the performance and operations of the Company's Internet operations; * a significant change in the regulatory environment applicable to the Company's business; * risks associated with the possible inability of the Company, particularly through its sourcing and logistics functions, to operate within production and delivery constraints and the Company's dependence on a single distribution facility; * the uncertainties of sourcing associated with the new quota environment, including changes in sourcing patterns resulting from the elimination of quota on apparel products and the possible re-imposition of quotas or other trade law or import restrictions in certain categories; * financial or political instability in any of the countries in which the Company's goods are manufactured; * the potential impact of natural disasters and public health concerns, particularly on the Company's foreign sourcing offices and manufacturing operations of the Company's vendors; * acts of war or terrorism in the United States or worldwide; * work stoppages, slowdowns or strikes; * the Company's ability to hire, retain and train key personnel; * the Company's ability to successfully upgrade and maintain its information systems; and * the impact of the Company's AnnTaylor Factory business strategy. Further description of these risks and uncertainties and other important factors are set forth in the Company's latest Annual Report on Form 10-K, including but not limited to Item 1A - Risk Factors and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations therein, and in the Company's other filings with the SEC. Although these forward-looking statements reflect the Company's current expectations concerning future events, actual results may differ materially from current expectations or historical results. The Company does not assume any obligation to publicly update or revise any forward-looking statements at any time for any reason.
SOURCE Ann Taylor
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