I am 5'0, 53, size 4, and recently found some wonderful things at Ann Taylor Loft.
In the past 2 years their clothing felt cheap, however I found a wonderful yellow cotton twill jacket, great fitting Ann petite cotton pants, solid tops and sweaters in pleasing colors. After trying on these items in the store, I used an online coupon and ordered online saving me 30-50% on these new arrivals. Some of the styles reminded me of things I saw at Zara and Tory Burch.
This shopping day happened after looking at Tory Burch, Neiman Marcus, Banana Republic, and Ann Taylor. Hope this helps others.