Collette Wixom is saving for her four-year-old son's college tuition by featuring him in branded attire on social media, with a following of 175,000.» Read More
NEW YORK— Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.
*Russian troops in Ukraine spur concern. NEW YORK, Aug 28- U.S. stocks edged lower on Thursday after the latest tension between Ukraine and Russia snapped the focus of investors back to the volatile region, but U.S. economic data helped curb losses.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Abercrombie& Fitch Co., down $2.13 to $41.87. Guess Inc., down $2.26 to $23.38.
Abercrombie is trying to revamp its image after its CEO stirred controversy by saying the company's clothes were made for cool kids, not fat people.
*Russian troop movements in Ukraine spurs concern. NEW YORK, Aug 28- U.S. stocks fell moderately on Thursday after the latest flare of tensions between Ukraine and Russian forces, snapping investors' focus back on the volatile region, though losses were tempered by the latest batch of U.S. economic data.
Retailers are under pressure due to elevated promotions, nimble competitors and kids' preference of tech over clothes.
Aug 28- Abercrombie& Fitch Co is finally shedding its traditional logo-focused apparel, clothes that made the brand one of the most sought after among teens in the past two decades. While a pair of women's skinny jeans from Abercrombie would set a shopper back by about $75, the same could cost less than $10 at Forever 21 or H&M, according to company websites.
NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. Williams-Sonoma Inc. fell 12.0 percent to $65.93. Guess Inc. fell 8.8 percent to $23.38.
NEW YORK— The Abercrombie& Fitch logo has lost the power it once wielded. Shares of Abercrombie& Fitch Co. tumbled Thursday after reporting weak sales as more teens shop elsewhere.
Worsening tensions in Ukraine are sending stock indexes lower, overshadowing an encouraging report on U.S. economic growth. Ukraine's president said Russian forces have entered his country. Williams-Sonoma plunged 11 percent and Abercrombie& Fitch fell 5 percent.
NEW YORK, Aug 28- U.S. stocks fell on Thursday after Ukraine's president said Russian forces had been brought into his country, bringing concerns over the volatile region back into focus and overshadowing some positive economic data.
Many teens say social cachet these days involves waving the latest hand-held technology not wearing the latest fashions, the NYT reports.
Stock futures reduced their drop Thursday, after the second estimate for second-quarter economic growth came in better than expected.
Aug 28- Teen apparel retailer Abercrombie& Fitch Co's same-store sales declined for the tenth straight quarter as it struggled to attract customers who held back discretionary spending amid wage cuts and fewer jobs.
NEW ALBANY, Ohio— Abercrombie& Fitch Co. on Thursday reported earnings of $12.9 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share. Analysts expected $917 million, according to Zacks.
Some of the names on the move ahead of the open.
Aug 28- Teen apparel retailer Abercrombie& Fitch Co's quarterly sales fell 6 percent as customers cut back on discretionary spending amid wage cuts and fewer jobs. The company's shares were down 8 percent in premarket trading on Thursday.
The escalating conflict in Ukraine, disappointing retail earnings and profit outlooks combined to weigh down the market, eclipsing some good news on the U.S. economy and labor market. "The key driver was largely the Ukraine news and the uncertainty of what that means," said Erik Davidson, deputy chief investment officer at Wells Fargo Private Bank.
"At some point this year, all these stocks were brutally slaughtered," Cramer said.
Geopolitical headlines could rattle markets in the week ahead as focus shifts away from the Fed.