Abercrombie shares tumble, Retail sales fall, Safilo open to bids, Giancarlo di Risio to step down

Abercrombie & Fitch ad campaign, courtesy of Abercrombie & Fitch

Abercrombie & Fitch shares drop sharply (AP) “Shares of Abercrombie & Fitch Co. tumbled Thursday after the teen retailer posted a bigger-then-expected drop in same-store sales for May. Its stock shed $3.56, or 11.3 percent, to $28.12 in midday trading.” Across Low and High Ends, Retail Sales Fell in May (New York Times) “While there have been early signs of stabilization, including improving consumer

…Continue Reading