ANF

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…

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…

Macy’s, Neiman Marcus and Abercrombie are among merchants raising thresholds for what shoppers must spend to get free delivery. Macy’s, Neiman Marcus and Abercrombie are among merchants raising thresholds for what shoppers must spend to get free delivery. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco.David Paul Morris | Bloomberg | Getty ImagesShares of Abercrombie & Fitch soared more than 20% on Wednesday after the mall retailer beat estimates, raised its guidance and reported a surprise profit. Here's how Abercrombie did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:Earnings per share: 39 cents, adjusted, vs. a loss of 5 cents expectedRevenue: $836 million…

Sharpie maker Newell Brands Inc. is opening distribution centers in Pennsylvania and North Carolina to lessen dependence on seaports in California. Abercrombie & Fitch Co. is moving more merchandise through New York and New Jersey to avoid West Coast bottlenecks. Air-conditioning manufacturer Trane Technologies PLC is sending most of its cargo this year through ports in the South, instead of the Los Angeles area.…

Best Buy Co. and Dick’s Sporting Goods Inc. reported mixed quarterly results but said sales wouldn’t fall as much as previously expected, signs that consumers are feeling the pinch of high inflation but still buying some electronics and sporting goods. Best Buy said profits fell and comparable sales dropped 10.4% in its third quarter, but the results weren’t as bad as investors had feared. The company slightly raised its sales target for the fiscal year…

Hollister Co., the Abercrombie & Fitch Co. retailer popular among teens, is rolling out a new system that lets shoppers pass their carts to someone else for payment. The system, called Share2Pay, aims to smooth over a common point of friction for online Hollister shoppers, the majority of whom are still in high school, according to the company. Teenage customers without access to online payments or credit cards of their own often load their carts with products but give up trying to buy…

Apparel chains Victoria’s Secret VSCO -0.34% & Co. and Abercrombie & Fitch Co. ANF -6.49% reported declining quarterly sales and lowered their sales targets for the year as consumers shift their spending away from clothing and other discretionary items. The results, following lackluster earnings reports from many department stores and big-box chains, were weaker than investors…

A person carries a bag from the Abercrombie & Fitch store on Fifth Avenue in New York City, February 27, 2017.Andrew Kelly | ReutersAbercrombie & Fitch shares fell more than 30% Tuesday after the retailer reported an unexpected loss for its fiscal first quarter, with freight and product costs weighing on sales.Abercrombie also slashed its sales outlook for fiscal 2022, anticipating that economic headwinds will remain at least through the end of the year. The news sent shares of apparel retailer American Eagle…