A division under an American retail chain store of specialty apparel targeted towards women, Ann Taylor is located in New York City. The name was given after a best-selling dress that was featured at the store of the founder. Four divisions of the retail chain of Ann Inc constitutes of LOFT, Ann Taylor, LOFT Outlet and Ann Taylor Factory. The stores under the chain display innumerable suits of classic style, shoes, dresses and even accessories for women. The founder of the company was Richard Liebeskind, who opened the first store in the year 1954 at New Haven in Connecticut. In the year 2011, the company of Ann Taylor Stores Corporation was officially renamed as Ann Inc.