
Image from here.
To up the ante of high fashion, they took their new looks to Fashion Week in New York. As a strategic move, they did away with their old frumpy persona. Their collection, thus, took on a modern and edgy look that is still glamorous and full or pearls. They took their designing in-house - a big change from the past.
The company hired Heidi Klum, one of the most famous models in the world, to help them undertake this monumental task. Women's consumer magazines are full of photos of her with luxurious Ann Taylor products. Klum is not only a model, but a well known celebrity and television show host. Her status should greatly improve Ann Taylor's chances for success.

Image from here.
So far, Ann Taylor's stock is on the rise - a much needed change after their plunge last year. They are definately a brand to watch for in the coming years. They could either take this a long way and trump similar stores like J Crew or they could plummet significantly if their media coverage dies down. I guess we'll have to wait and see.
No comments:
Post a Comment