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Abercrombie & Fitch Co

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  • CHICAGO, Dec 18- Despite a disappointing Thanksgiving weekend, U.S. holiday sales may squeak by expectations if steeper and longer-running discounts lure enough shoppers. An uptick in last-minute shopping trips on the all-important weekend before Christmas is likely to benefit consumer electronics chains like Best Buy and home improvement retailers...

  • US retailers curb holiday borrowing, avoid inventory glut Wednesday, 17 Dec 2014 | 1:00 PM ET

    "We are just not seeing huge borrowings by anyone," said Irene Marks, managing director of retail finance at Wells Fargo Capital Finance, which committed $11 billion in loans to retailers this year. GE Capital's senior managing director of retail finance Tim Tobin estimated that the percentage of credit used by retailers they had loaned to was on par or below the...

  • A glance at now defunct teen brands Thursday, 11 Dec 2014 | 10:32 AM ET

    Ruehl's: A division of Abercrombie& Fitch that launched in 2004 and catered to affluent young shoppers in their 20 s. Demo: A division of teen chain Pacific Sunwear of California that launched in 1998 and sold hip-hop fashions shuttered its 154 stores in 2008.. Merry-Go-Round Enterprises Inc.: The national teen clothing retailer was based in Joppa, Maryland and...

  • Teen retailers get the cold shoulder for holidays Thursday, 11 Dec 2014 | 10:15 AM ET

    The longtime CEO of Abercrombie& Fitch on Tuesday abruptly retired just a week after the retailer posted an 11.5 percent quarterly sales drop and slashed its annual profit forecast. And American Eagle and Aeropostale gave dismal forecasts for the quarter that includes the holiday shopping season after each posted weak sales for the fall.

  • Merck and Spirit Airlines are big market movers Tuesday, 9 Dec 2014 | 4:43 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Merck& Co., down $1.87 to $60.01. T-Mobile US Inc., down $2.35 to $25.85.

  • Dec 9- Abercrombie& Fitch Co Chief Executive Michael Jeffries, who transformed the teen apparel retailer from a drab sports brand into a fashion icon before running afoul of shoppers and investors, has stepped down after over two decades at the helm. Because I think that shift had already begun, " Simeon Siegel, a top-rated analyst from Nomura Equity Research, told...

  • RPT-BUSINESS-NEWS-SCHEDULE AT 1600 GMT /1100 ET Tuesday, 9 Dec 2014 | 11:45 AM ET

    LONDON- Oil prices plumbed fresh five-year lows on Tuesday, prompting investors worried about the global economy and renewed political uncertainty in Greece to dump shares. LONDON- Greek share and sovereign bond markets plunge after the government brings forward a presidential vote, in a political gamble that heightens uncertainty over the country's...

  • Dec 9- Abercrombie& Fitch Co's controversial Chief Executive Michael Jeffries will retire with immediate effect, capping more than two decades of being at the helm of the teen apparel retailer that is now struggling to turn around. Abercrombie said on Tuesday that a team led by Executive Chairman Arthur Martinez would manage day-to-day operations until a new...

  • Abercrombie stock jumps after CEO exit Tuesday, 9 Dec 2014 | 9:17 AM ET
    Michel Jeffries in 2005.

    Abercrombie & Fitch stock jumped after it announced its CEO would retire effective immediately.

  • Abercrombie CEO Michael Jeffries to retire Tuesday, 9 Dec 2014 | 9:03 AM ET

    Dec 9- Teen apparel retailer Abercrombie& Fitch Co said Chief Executive Michael Jeffries would retire effective immediately, and its shares rose 6.8 percent in premarket trading. The company said a team led by Arthur Martinez, who has been named executive chairman, would be responsible for managing day-to-day operations until a new CEO was appointed.

  • Abercrombie CEO abruptly retires as sales fall Tuesday, 9 Dec 2014 | 9:00 AM ET

    NEW YORK— Abercrombie& Fitch's longtime and embattled CEO Michael Jeffries has abruptly retired as the once-hip teen clothing chain struggles to regain its popularity. Last week, Abercrombie& Fitch cut its annual profit outlook and reported an 11.5 percent drop in sales in its third quarter. The company, whose other brands includes Abercrombie, Hollister Co....

  • These retailers are winning in online sales: Storch Monday, 8 Dec 2014 | 9:50 AM ET
    Macy's Facebook page ahead of Black Friday.

    Online sales are seeing double-digit growth this season, but the cost of digital retail is squeezing margins, former Toys R Us CEO Gerald Storch says.

  • Delia's, casualty of retail slump, to liquidate Monday, 8 Dec 2014 | 8:24 AM ET

    Abercrombie& Fitch Co. and Aeropostale Inc. have been hammered this year and their shares have fallen 22 percent and 73 percent, respectively, over the past 12 months. American Eagle Outfitters Inc. is down 20 percent in that same time period and Urban Outfitters Inc. is down more than 13 percent. Last week, Delia's signed a deal with Hilco Merchant Resources, LLC...

  • U.S. holiday shopping discounts deepen, last longer Saturday, 6 Dec 2014 | 10:52 AM ET

    Dec 6- Amarilis Sinchi visited Macy's at a New Jersey mall on Black Friday, but she waited until this week to purchase the red fleece pajamas she had her eye on. The 21- year-old student ended up paying $13 at the department store, down from $30 on Friday, which has traditionally been the best day for deals during the U.S. holiday season. "We're experiencing...

  • Dec 5- Delia* s Inc said it was liquidating assets and would file for Chapter 11 bankruptcy protection "in the very near term," becoming the second teen retailer to go out of business in as many days. Delia* s announcement wiped out more than 85 percent of the company's market value on Friday. Sales at Delia* s, which has 95 mall-based stores, has fallen for six quarters in a...

  • Dec 4- Teen apparel retailer American Eagle Outfitters Inc forecast a current-quarter profit that missed analysts' estimates and reported its fifth straight fall quarterly income as weak mall traffic and online competition hurt sales. American Eagle along with teen apparel retailers Aeropostale Inc and Abercrombie& Fitch Co have been struggling to boost...

  • Mario Draghi is all over the place on ECB action Thursday, 4 Dec 2014 | 10:28 AM ET

    European stocks weakened and the euro shot higher as the ECB chief implied any initiative to purchase sovereign debt isn't imminent.

  • Dec 3- Teen apparel retailer Aeropostale Inc reported its eight straight quarterly loss, hurt by higher discounts and falling demand, and said it would close about 75 stores in the current quarter. The closure of 75 Aeropostale stores in the fourth quarter will take the company's total US and Canada closures to about 120 stores in 2014, well ahead of its guidance...

  • Dec 3- Teen apparel retailer Aeropostale Inc reported its eight straight quarterly loss, hurt by an 11 percent fall in same-store sales as lower mall traffic, higher discounts and falling demand continued to weigh on results. Apart from failing to address its weakness in the online arena, Aeropostale is struggling to keep pace with changing trends and attract...

  • US stocks close higher; Dow, S&P at records Wednesday, 3 Dec 2014 | 4:00 PM ET
    Traders on the floor of the New York Stock Exchange.

    U.S. stocks rallied into the close, with the Dow ending the day at a record amid encouraging economic reports on Wednesday.