Exhibit 99.1

FOR IMMEDIATE RELEASE

ANN INC. Reports Fourth Quarter and Record Full Year 2013 Results

— Company Provides Outlook for the Fiscal First Quarter and Full Year 2014 —

New York, NY, March 14, 2014 – ANN INC. (NYSE: ANN) today reported results for the fiscal fourth quarter and full year of 2013, ended February 1, 2014. The Company also provided its outlook for the first quarter and full year of fiscal 2014.

For the fiscal fourth quarter of 2013, the Company reported earnings per diluted share of $0.10, compared with earnings per diluted share of $0.05 in the fourth quarter of 2012.

For the full year of fiscal 2013, the Company reported record earnings per diluted share of $2.19, compared with earnings per diluted share of $2.10 in the full year of fiscal 2012.

Kay Krill, President and Chief Executive Officer, commented, “Fiscal 2013 was another successful year for ANN INC., driven by the strength of both of our brands as well as the benefits of our strategic growth initiatives. We delivered record earnings per share for the second consecutive year. And, for the fourth consecutive year, comparable sales were positive at both Ann Taylor and LOFT.

“For the fourth quarter, net sales, comparable sales and gross margin rate all showed improvement from the fourth quarter of 2012. However, as previously reported, soft traffic and tepid consumer spending across the industry negatively impacted us, particularly in factory outlet centers and in those regions that were negatively affected by extreme winter weather.

“Looking ahead to 2014, ANN INC. is well-positioned for continued profitable growth, with both brands entering the Spring season with strong product offerings featuring great fashion, versatility and value for our clients. As we announced today, we are strategically realigning our organization to support the continued rapid shift of our clients’ shopping and purchasing behavior. We believe an integrated stores/e-commerce structure better supports the acceleration of our strategic growth agenda and overall financial performance. In addition, we will be further expanding our international business with the opening of the first LOFT store in Mexico later this year, and the continued expansion of both brands in Canada. Overall, we believe these actions position ANN INC. for success in an omni-channel world and will drive continued profitable growth in 2014 and beyond,” Ms. Krill concluded.

Fiscal 2013 Fourth Quarter Results

Total net sales for the fourth quarter of fiscal 2013 were $623.3 million, compared with net sales of $607.7 million in the fourth quarter of fiscal 2012. By brand, net sales across all channels of the Ann Taylor brand totaled $246.2 million in the fourth quarter of 2013, compared with net sales of $255.0 million in the fourth quarter of 2012. At the LOFT brand, net sales across all channels were $377.1 million in the fourth quarter of 2013, compared with net sales of $352.7 million in the fourth quarter of 2012.

Total Company comparable sales for the quarter increased 2.9% versus a decrease of 0.7% in the fourth quarter of 2012. At Ann Taylor, total brand comparable sales declined 1.1%, reflecting an increase of 0.9% at Ann Taylor, which includes sales results at Ann Taylor stores and anntaylor.com, and a decline of 6.1% in the Ann Taylor Factory channel. At LOFT, total brand comparable sales increased 5.7%, reflecting an increase of 7.6% at LOFT, which includes sales results at LOFT stores and LOFT.com, and a decrease of 3.5% in the LOFT Outlet channel. (Please refer to Table 3 for a breakdown of sales by brand and channel.)

Gross margin as a percentage of net sales was 49.3%, an increase of 20 basis points compared with the 49.1% gross margin rate achieved in the fourth quarter of 2012. This gross margin performance primarily reflected effective planned promotional activity at both Ann Taylor and LOFT during the fourth quarter of 2013, partially offset by a higher level of promotional activity in the factory/outlet channel, versus the fourth quarter of 2012.

Selling, general and administrative expenses for the fourth quarter of 2013 were $301.5 million versus $296.6 million reported in the fourth quarter of 2012. As a percentage of net sales, selling, general and administrative expenses were 48.4% in the fourth quarter of 2013, compared with 48.8% in the fourth quarter of 2012. The improvement in SG&A rate during the fourth quarter of 2013 was primarily due to the benefit of fixed cost leverage as a result of higher net sales.

The Company reported operating income of $5.8 million for the quarter, compared with operating income of $1.6 million in the fourth quarter of 2012. Net income in the quarter was $4.7 million, or $0.10 per diluted share, compared with net income of $2.4 million, or $0.05 per diluted share, in the fourth quarter of 2012.

During the fourth quarter of 2013, the Company opened 12 new stores, comprised of two Ann Taylor stores, six LOFT stores, two Ann Taylor Factory stores and two LOFT Outlet stores. The Company closed 10 Ann Taylor stores and four LOFT stores during the quarter.

Fiscal Year 2013 Results

Total net sales for the full year of fiscal 2013 were $2.5 billion, compared with net sales of $2.4 billion in fiscal 2012. By brand, net sales across all channels of the Ann Taylor brand totaled $959.8 million in fiscal 2013, compared with net sales of $945.2 million in fiscal 2012. At the LOFT brand, net sales across all channels were $1,533.7 million in 2013, compared with net sales of $1,430.3 million in 2012.

Total Company comparable sales for the full year of fiscal 2013 increased 2.3%. At the Ann Taylor brand, total comparable sales increased 1.1%, including an increase of 4.9% at Ann Taylor, which was partially offset by a decrease of 6.6% in the Ann Taylor Factory channel. At the LOFT brand, total comparable sales increased 3.0%, including an increase of 4.2% at LOFT, which was partially offset by a decrease of 3.0% in the LOFT Outlet channel. (Please refer to Table 3 for a breakdown of sales by brand and channel.)

Gross margin as a percentage of net sales was 53.9%, compared with 54.8% in fiscal 2012.

Selling, general and administrative expenses were $1,173.2 million versus $1,135.6 million in fiscal 2012. As a percentage of net sales, selling, general and administrative expenses decreased to 47.1% in fiscal 2013, reflecting a 70 basis-point improvement from the prior year.

Operating income for the full year of fiscal 2013 was $170.1 million, compared with operating income of $166.8 million in fiscal 2012.

Net income totaled $102.4 million, or $2.19 per diluted share, in fiscal 2013, compared with net income of $102.6 million, or $2.10 per diluted share, in fiscal 2012.

The Company ended the year with approximately $202 million in cash and cash equivalents. During fiscal 2013, the Company repurchased approximately 1.5 million of its outstanding shares at a total cost of $49.1 million.

Total inventory per square foot at the end of fiscal 2013 increased approximately 7% versus fiscal 2012, including increases of 10% at Ann Taylor, 7% at LOFT and 6% in the factory/outlet channel. These increases reflect a change in the merchandise mix at Ann Taylor, inventories that were in line with sales at LOFT, and the timing of receipts of Spring product in our factory outlet channels.

During fiscal 2013, the Company opened 66 stores, comprised of seven Ann Taylor stores, seven Ann Taylor Factory stores, 38 LOFT stores and 14 LOFT Outlet stores. The Company closed 25 stores during the year. The total store count at the end of fiscal 2013 was 1,025, comprised of 268 Ann Taylor stores, 108 Ann Taylor Factory stores, 539 LOFT stores and 110 LOFT Outlet stores.

Outlook for Fiscal First-Quarter and Full-Year 2014

For the fiscal first quarter of 2014, the Company expects total net sales to approach $600.0 million, reflecting total Company comparable sales that are approximately flat with the fiscal first quarter of 2013. Gross margin rate performance is expected to approach 55.0%. Selling, general and administrative expenses are expected to be approximately $305.0 million, excluding the impact of a $15 million pre-tax restructuring charge related to the strategic organizational realignment.

In terms of the full year, the Company provided the following outlook:

The Company expects to maintain its healthy balance sheet, including a disciplined approach to inventory management throughout the fiscal year.

About ANN INC.

ANN INC. is the parent Company of Ann Taylor and LOFT, two of the leading women’s specialty retail fashion brands in North America. The Company operated 1,025 Ann Taylor, Ann Taylor Factory, LOFT and LOFT Outlet stores in 47 states, the District of Columbia, Puerto Rico and Canada as of February 1, 2014. Our Ann Taylor and LOFT brands are also available in more than 100 countries worldwide online at AnnTaylor.com and LOFT.com. Visit ANNINC.com for more information (NYSE: ANN).

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 expectations or beliefs of the Company concerning future events that involve risks and uncertainties, including:

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.

ANN INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

For the Quarters and Years Ended February 1, 2014 and February 2, 2013

(unaudited)

Table 1.

ANN INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

February 1, 2014 and February 2, 2013

(unaudited)

Table 2.

ANN INC.

Brand Sales and Store Data

For the Quarters and Years Ended February 1, 2014 and February 2, 2013

(unaudited)

Table 3.

Table 3. (Continued)