NEW Albany, United States — Abercrombie & Fitch's fourth-quarter net income fell 58 percent, dragged down by a number of one-time charges, including costs tied to the closure of the retailer's Gilly Hicks stores. But adjusted profit easily topped Wall Street's expectations and shares jumped more than 8 percent as the company initiated a $150 million accelerated share buyback program.
NEW ALBANY, United States — Abercrombie & Fitch said it is reviewing a proposal to add five members to its board.
NEW ALBANY, United States — Abercrombie & Fitch Co., the teen retailer that this week separated its chairman and chief executive officer roles, named Chief Financial Officer Jonathan Ramsden to the newly created role of chief operating officer.
NEW YORK, United States — Abercrombie & Fitch Co., the retailer struggling with three straight quarters of sales declines, separated its chairman and chief executive officer roles and eliminated its stockholder rights plan.
NEW YORK, United States — Abercrombie & Fitch Co. Chief Executive Officer Mike Jeffries got a new contract with the teen-apparel retailer amid weakening earnings and a shareholder’s call for him to be replaced.
NEW YORK, United States — Abercrombie & Fitch Co. gained after investor Engaged Capital LLC urged the teen-clothing retailer to start a search for a new chief executive officer and consider selling the company.
NEW YORK, United States — Teens don’t shop the way they used to. Where young consumers with spare cash once thronged the likes of Abercrombie & Fitch Co. and American Eagle Outfitters Inc. for clothing that telegraphed their identities, the new generation is poorer, shuns logos and socializes more on the Internet than at the mall.
NEW ALBANY, United States — Abercrombie & Fitch says young shoppers are not spending money like before and reported weak quarterly sales, issued a disappointing full-year forecast and announced plans to close all of its stand-alone Gilly Hicks stores.
NEW YORK, United States — Guess Inc reported second-quarter results above estimates due to better-than-expected sales in North America, sending its shares up 18 percent in after market trading.