Using demonstrations and campaigns in traditional and social media, consumers are increasingly forcing companies to change their ways.» Read More
NEW YORK— Abercrombie& Fitch is saying goodbye to the shirtless beefcake models who greeted customers at its doors. "Abercrombie& Fitch has to find its niche. Edgy was it, "said Ken Perkins, president of Retail Metrics LLC, a retail research firm."
April 13- New York's attorney general has sent letters to 13 national retailers, including Gap Inc, Target Corp and JC Penney Co Inc, about "on-call shifts" in which workers are told whether to report to work a day or less before a scheduled shift. A number of companies with stores in New York are requiring employees to check in by telephone, text message or email before...
April 13- New York's attorney general has questioned 13 national retailers, including Gap Inc, Target Corp and JC Penney, about "on-call shifts," a staffing practice that requires workers to find out just hours before their shift whether or not they need to report to work. Letters were also sent to Abercrombie& Fitch, J. Crew, L Brands Inc, Burlington Coat Factory, TJX Cos,...
The attorney general of New York is investigating scheduling practices by thirteen large retailers.
April 13- New York Attorney General Eric Schneiderman has written to 13 retailers, including Gap Inc and Target Corp, questioning them about "on-call shifts," a staffing practice under which workers find out just hours before their shift whether or not they need to go in to work. Practices such as on-call scheduling may violate a New York law, according to the letter.
The parent company of Walgreens drugstore is just one of 14 major publicly traded companies quickly reducing store counts. USA Today reports.
Jim Cramer took a look at retail as one of the strongest groups last quarter. Time to cash in, or follow the Wall Street fashion trends?
After months of promotions, retailers are finally trying to break consumers' addiction to discounts. Will shoppers call their bluff?
Aéropostale shares fell 16 percent on Friday, despite posting its first quarterly profit in two years.
March 12- Teen apparel retailer Aeropostale Inc forecast a bigger quarterly loss than analysts were expecting, citing low demand due to weak customer traffic at malls. Aeropostale has been struggling to attract young shoppers, who are increasingly shifting to fast-fashion retailers such as H&M, Forever 21 and Inditex's Zara. Aeropostale forecast a loss of 53-...
March 11- By staying on top of trends, quickly turning around inventories and offering new styles, prints and new bohemian looks- all with little visible branding- American Eagle and Aeropostale may have found the path to recovery, analysts say. The decisions early on by American Eagle Outfitters Inc and Aeropostale Inc to abandon the logo-covered clothing that...
The markets were obsessed with a stronger dollar Tuesday.
There are early indications that two teen retailers are finally getting a grip on all that teen angst.
The five-week long month of March is shaping up to be significant for retailers, not only because of an earlier Easter.
Under the radar of this bull market, a large group of once high-flying stocks are falling, to the benefit of some astute Wall Street players.
U.S. stocks closed lower amid a series of economic data that continued to show moderate growth ahead of Friday's key jobs report.
March 4- Teen apparel retailer Abercrombie& Fitch Co said the factors that led to a drop in sales in the fourth quarter- a strong dollar and weak demand for clothing featuring its name and logo- would persist in the first half of its fiscal year. Abercrombie& Fitch shares fell as much as 15 percent to a six-year low of $20.37 in morning trading on Wednesday.
Mar 4- Teen apparel retailer Abercrombie& Fitch Co said the factors that led to a drop in sales in the fourth quarter- a strong dollar and weak demand for clothing featuring its name and logo- would persist in the first half of its fiscal year. Teen apparel retailers such as Abercrombie, American Eagle Outfitters Inc and Aeropostale Inc have suffered as young...
U.S. stock index futures signaled a lower open on Wednesday ahead of a busy day for economic data, as investors await Friday's employment report.
Mar 4- Teen apparel retailer Abercrombie& Fitch Co said its quarterly profit fell by a third, hurt by low demand for its Hollister and namesake brands, discounts and a strong dollar. The company's net income fell to $44.4 million, or 63 cents per share, in the fourth quarter ended Jan. 31, from $66.1 million, or 85 cents per share, a year earlier. Net sales fell 14 percent to...