Abercrombie & Fitch Co

American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform.The company also reported holiday earnings that beat Wall Street's expectations thanks to strong demand and lower markdowns and input costs. Here's how American Eagle did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG,…

An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty ImagesAbercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21%, and the apparel retailer expects its growth story will continue as it issued better-than-expected sales guidance.Here's how Abercrombie did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of…

A person picks out clothing in a Lacoste store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, on Nov. 24, 2023.Vincent Alban | ReutersHoliday sales rose 3.8% year over year to $964.4 billion, according to the National Retail Federation, as consumers spent on gifts and celebrations even after enduring a prolonged period of higher prices.The tallied results, released by the NRF…

Shoppers walks past advertisements on the opening day of fast-fashion e-commerce giant Shein, which hosted a brick-and-mortar pop up inside Forever 21 at the Ontario Mills Mall in Ontario on Oct. 19, 2023.Allen J. Schaben | Los Angeles Times | Getty ImagesORLANDO, Fla. — Little is known about how much revenue Shein draws or just how profitable it is.But the fast fashion company's sales are "a lot more" than the $30 billion that it reportedly brings in annually, one of the retailer's key partners said Monday."Shein is the…

Combination showing store signage from Aberdrombie & Fitch and Lululemon stores.Getty ImagesAbercrombie and Fitch, Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December.Yet Wall Street greeted the news with varying levels of enthusiasm Monday morning. Shares of Abercrombie and Amercian Eagle shot up about 7%. And Lululemon sank by more than 1%, after investors weighed the…

A person walks past a sales advertisement at Saks Off 5th Department Store ahead of the Thanksgiving holiday sales in Washington, DC, November 21, 2023.Saul Loeb | AFP | Getty ImagesThere's a dark cloud hanging over Black Friday.A slew of retailers have issued tepid, cautious or downright disappointing fourth-quarter outlooks over the last few weeks, casting a pall over the crucial holiday season right as they gear up for the biggest shopping day of the year.The companies, which include everyone from luxury goods giant…

Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesNordstrom on Tuesday said sales slid by nearly 7% year over year, echoing other retailers' comments about weaker demand and budget-pressured consumers.Yet the department store operator reiterated its full-year sales outlook, saying it expects revenue to decline by between 4% and 6% versus a year ago, including retail sales and credit card revenues. It narrowed its adjusted earnings per share…

Abercrombie & Fitch.Courtesy: Abercrombie & FitchAbercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister. The longtime mall retailer, which has bounced back after years of stagnation, also raised its outlook again as it continues to defy an overall slowdown across the apparel industry. Shares of the company fell more than 5% in premarket trading, however. Through Monday's close, the…

American clothing and accessories retailer American Eagle store seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Budrul Chukrut | Lightrocket | Getty ImagesShares of American Eagle plummeted 15% in premarket trading Tuesday after the company issued a holiday forecast that failed to impress. For its holiday quarter, American Eagle expects sales to be up high-single digits, ahead of the 3.4% sales growth analysts had expected, according to LSEG. However, it's expecting its operating…

Target's store in Harlem is one of nine locations that the retailer recently shuttered. It blamed the closures on high levels of theft and safety risks.Melissa Repko | CNBCIn the Harlem neighborhood of New York City, Target's first store to open in Manhattan has permanently shut its doors. The retailer has closed eight other city stores around the country.Target's closures, which the company blamed on theft and violence at a time when sales have stagnated, marked the latest in a series of public setbacks for the big-box…