Consumer >> Analyst Interviews >> March 23, 2009

Specialty Apparel Companies – Adrienne Tennant – Friedman, Billings, Ramsey & Co., Inc.

Adrienne Tennant is Head of Consumer Research at FBR Capital Markets and covers the specialty apparel sector. She brings to to the team more than 13 years of experience in the financial services industry. She also has worked at Gap, Inc., in the Gap brand finance and strategic planning group, and at The Disney Stores. Prior to joining FBR Capital Markets, She was a Senior Analyst in the consumer group at Wedbush Morgan Securities, where she concentrated on the retail sector with a focus on specialty apparel. She has also worked in investment banking for Prudential Securities; Prudential Structured Finance Group, a private debt investor in power and infrastructure projects; and PDI Strategies, a quantitative asset allocation group. She was rated as one of the top three specialty retail stock pickers in 2005 by In 2004, she was named a "Home Run Hitter" by Institutional Investor for her AEOS stock pick. In 2008, Forbes named her one of the "Dazzling Dozen," ranking her number 11 out of more than 2,700 stock analysts surveyed for stock performance over a three-year period. For that same time period, she was ranked number one in non-food retailing. She holds an MBA degree from The Anderson School at the University of California, Los Angeles, and a BS degree in Industrial Engineering from Stanford Univ Profile
TWST: I guess they've all suffered the pains of this down economy. How bad are


Mrs. Tennant: Things are pretty bad and I think that they are going to get worse

as they go into 2009.