Abercrombie & Fitch's international business was the beacon on which many analysts who stuck with the company had pinned their hopes.» Read More
Despite predictions of a consumer rebound this Christmas, things still aren't easy for department stores.
Stocks edged higher on Monday as investors tracked corporate results as the earnings season starts to wind down.
Some of Monday's midday movers:
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Welcome to holiday 2014, which is shaping up to be a season that separates the strong from the weak.
Some of Friday's midday movers:
Nov 7- Abercrombie& Fitch Co estimated quarterly profit and sales below analysts' expectations as fewer visitors to malls hurt traffic to its stores, at a time the company is struggling to shed its image of being a logo-centric apparel retailer. Shares of the company, which sells teen apparel under brands such as Abercrombie& Fitch and Hollister, fell as much as...
Nov 7- Abercrombie& Fitch Co estimated quarterly profit and sales below analysts' expectations, with fewer customers visiting its stores as the company struggles to move away from its signature logo-centric apparel. Shares of the company, which sells teen apparel under brands such as Abercrombie& Fitch and Hollister, fell 12 percent in premarket trading.
Nov 7- Abercrombie& Fitch Co estimated quarterly profit and sales below analysts' expectations as fewer customers visited its stores and demand fell for its logo-based clothing. The company, which sells teen apparel under brands such as Abercrombie& Fitch and Hollister, estimated adjusted profit of 40- 42 cents per share and revenue of $911.4 million for the...
Retailer Abercrombie & Fitch warned that third-quarter sales were below expectations, and shares fell 10 percent in premarket trading on the news.
The music inside stores can have an impact on how long we stay in a store and how much we buy. "The Sonic Boom" author Joel Beckerman explains.
The consumer electronics category is expected to grow more than 4 percent this season, according to Customer Growth Partners.
Retailers have kept inventories in check, but signs are already emerging that they may not have broken consumers' addiction to discounts just yet.
Some of Friday's midday movers:
Here's what the case against teen retailer Abercrombie & Fitch, that's headed to the Supreme Court, is all about, says Dan Eaton.
Oct 3- The U.S. Supreme Court's new term is due to begin on Monday. *Texas Department of Housing and Community Affairs v. In July 2013, the appeals court ruled in favor of two teams developing cheaper generic forms of Copaxone: one involving Novartis AG's Sandoz Inc and Momenta Pharmaceuticals Inc and another involving Mylan Inc and Natco Pharma Ltd..
WASHINGTON, Oct 3- Gay marriage may be the most anticipated issue heading for the U.S. Supreme Court, but the justices also must tackle a host of business cases as they convene for their new term, including a patent battle involving Teva Pharmaceutical Industries Ltd.. The case also has broader ramifications in the patent arena as shown by the number of businesses...
WASHINGTON, Oct 2- The U.S. Supreme Court on Thursday said it would consider whether a Muslim woman denied a job at an Abercrombie& Fitch Co clothing store because she wears a head scarf was required to specifically request a religious accommodation. The nine justices agreed to hear an appeal filed in the closely watched case by the U.S. Equal Employment...
Sept 29- A federal judge rejected a settlement of a lawsuit challenging longtime Abercrombie& Fitch Co Chief Executive Michael Jeffries' pay, saying it offered little benefit to shareholders despite "serious" allegations of wrongdoing.
NEW YORK, Sept 22- Retail stocks were lower on Monday, dropping along with weakness in the broader market, but Morgan Stanley sees a higher-than-average likelihood that many stocks in the sector could receive acquisition offers in the coming year.