Abercrombie & Fitch Co (ANF.N)
Thu, May 30 2019
May 30 ** Apparel retailer Abercrombie & Fitch Co on Wednesday forecast second-quarter sales below estimates, amid slowing demand for Hollister, a brand that has fuelled company growth over the last two years
May 29 Abercrombie & Fitch Co's shares fell 25% on Wednesday after the apparel company forecast second-quarter sales below estimates amid slowing demand for Hollister, a brand that has fueled company growth over the last two years.
May 29 Abercrombie & Fitch Co missed Wall Street estimates for quarterly same-store sales on Wednesday, hurt by slowing demand for its surf-themed Hollister apparel.
(This March 6 story corrects paragraph 2 to say company will be closing up to 40 stores, not 40 stores; also drops reference to on-trend clothing boosting demand for the Abercrombie brand)
CORRECTED-UPDATE 3-Abercrombie expects redesigned stores to boost 2019 sales, shares surge (March 6)
March 6 Abercrombie & Fitch's shares surged 20 percent after the apparel retailer forecast better-than-expected annual sales on Wednesday, betting on its remodeled stores and the popularity of its Hollister brand to attract more young shoppers.
March 6 Abercrombie & Fitch beat Wall Street forecasts for quarterly same-store sales on Wednesday, as the clothing retailer sold more Hollister apparel during the holidays.