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Abercrombie & Fitch Co

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  • 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.

  • 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.

  • 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 Central Bank Governor Mario Draghi speaks at a news conference during the World Bank/IMF annual meetings in Washington, Oct. 11, 2014.

    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.

  • *Cuts full-year adjusted profit forecast. Dec 3- Struggling teen apparel retailer Abercrombie& Fitch Co said it expected its turnaround efforts to bear fruit next year, but warned of a tough holiday quarter as it discounts heavily. "...we view Abercrombie as a turnaround story that remains largely on track despite the third quarter setback," Suntrust Robinson...

  • Earnings: Bourbon is in, apparel is out Wednesday, 3 Dec 2014 | 10:31 AM ET
    Bottles of Jack Daniel's whiskey

    Brown-Forman's soft earnings were about forex headwinds, not flagging demand. The same can't be said for Abercrombie & Fitch.

  • Abercrombie cuts forecast on higher discounts Wednesday, 3 Dec 2014 | 10:00 AM ET
    Pedestrians are reflected in the window of an Abercrombie & Fitch store in San Francisco.

    Abercrombie & Fitch cut its full-year profit forecast as higher discounts and efforts to refresh its merchandise failed to attract young customers.

  • US stock investors eye ADP, ISM reports Wednesday, 3 Dec 2014 | 9:01 AM ET
    Traders on the floor of the New York Stock Exchange.

    U.S. stock index futures pointed to a flat to slightly lower start on Wednesday, after a record Wall Street finish on Tuesday.

  • Dec 3- Struggling apparel retailer Abercrombie& Fitch Co cut its full-year profit forecast as higher discounts and efforts to refresh its merchandise by dropping the logo-centric approach failed to attract young customers. Abercrombie, which has most of its stores in malls, has been hurt also as fewer people visit malls in North America and Europe and prefer...

  • Early Movers: ANF, TJX, TGT, LYV, AAPL & more Wednesday, 3 Dec 2014 | 8:01 AM ET
    A trader works the floor of the NYSE.

    Some of the names on the move ahead of the open.

  • Dec 3- Struggling apparel retailer Abercrombie& Fitch Co reported a 25 percent fall in adjusted quarterly profit due to lower mall traffic, higher discounts and weak demand. The company said adjusted net income fell to $30.4 million, or 42 cents per share, in the third quarter ended Nov. 1 from $40.5 million, or 52 cents per share, a year earlier. Revenue fell 12 percent...