May 16, 2009 |
Abercrombie & Fitch Co. reported a wider-than-expected first-quarter loss as consumers cut spending on premium clothes to what the chief executive called an unprecedented degree. The New Albany, Ohio, company said it was prompted to write down the value of its Ruehl apparel chain by $55 million. Sales at the Ruehl chain, which targets shoppers older than 22, sank 34%. The net loss, excluding the Ruehl write-down, was $26.8 million, or 31 cents a share, compared with net income of $62.1 million, or 69 cents, a year earlier.
February 22, 2007 |
Abercrombie & Fitch Co., a casual clothing retailer, said fourth-quarter profit rose 20% as the company opened more stores. Net income rose to $198.2 million, or $2.14 a share, from $164.6 million, or $1.80, a year earlier, the New Albany, Ohio- based company said. Sales rose 18% to $1.14 billion, but sales at stores open at least a year fell 3% after warm weather hurt sales of winter clothing. Shares of Abercrombie fell 64 cents to $82.
February 15, 2006 |
Delta Air Lines Inc. reported a narrower fourth-quarter loss Tuesday on a solid increase in revenue, but its results pushed its red ink to more than $12 billion since January 2001. The company, which is operating under bankruptcy protection, said it lost $1.24 billion in the three months ended Dec. 31, compared with a loss of $2.21 billion in the same period a year earlier. Revenue in the quarter rose 6.2% to $3.93 billion. The airline didn't provide per-share data in its balance sheet.
January 17, 2006 |
With the holidays behind them, retailers get serious about clearance sales in January -- posting signs in their windows that shout 50% off and more. But at the Abercrombie & Fitch store at the Grove shopping center in Los Angeles a few days after New Year's, nothing was on sale. Nothing. The "too-cool-for-school" retailer, as one customer calls it, took a similar approach the day after Thanksgiving, offering sparse discounts on one of the most ferociously competitive shopping days of the year.
January 6, 2006 |
Teen clothing retailer Abercrombie & Fitch Co., which had been the subject of an informal securities inquiry, said Thursday that it was informed that the Securities and Exchange Commission had launched a formal investigation into trading of its shares. The company also raised its full-year earnings forecast Thursday as it reported a 29% sales gain for December, beating Wall Street estimates.
November 5, 2005 |
Abercrombie & Fitch Co. said it would stop selling several T-shirts that a group of teenage girls found offensive. The Women & Girls Foundation of Southwest Pennsylvania objected to shirts for women emblazoned with sayings such as "Who needs brains when you have these?" and "I had a nightmare I was a brunette." "We recognize that the shirts in question, while meant to be humorous, might be troubling to some," the company said in a statement.