May 17, 2008 |
Teen retailer Abercrombie & Fitch Co. said its first-quarter profit rose 3% from a year earlier on stronger sales. New Albany, Ohio-based Abercrombie & Fitch said it earned $62.1 million, or 69 cents a share, compared with $60.1 million, or 65 cents, a year earlier. Sales increased 8% to $800.1 million.
February 6, 2003 |
Gap Inc. and Abercrombie & Fitch Co. were accused of violating California labor laws by allegedly pressuring thousands of store employees to buy and wear on the job the brands they sell, according to two lawsuits filed in San Francisco Superior Court. If successful, the lawsuits could force the companies to foot the bill for employee clothing or change their policies on worker clothing. State labor law says companies must provide required uniforms for free.
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 19, 2003 |
Abercrombie & Fitch Co., a casual-clothing retailer, said its fiscal fourth-quarter profit rose 17% as it sold more shirts and jeans and reduced costs. The company's net income rose to $92.8 million, or 93 cents a share, from $79.2 million, or 78 cents, a year earlier. Sales rose 15% to $534.5 million from $466.6 million. The New Albany, Ohio-based firm's shares rose 84 cents to $27.82 on the NYSE. The news was released after regular U.S. trading closed.
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.
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.