Ann Taylor Becomes Ann Inc., Puts $25 Million Into E-Commerce

Identifying the continued growth of its fast-growing e-commerce channel as a top priority for 2011, women's apparel retailer Ann Taylor has allotted $25 million of its $130 million in 2011 capital expenditure funds to information technology. In addition, the retailer is also changing its name to reflect its multi-channel status, from Ann Taylor Stores Corporation to Ann Inc.