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BUSINESS
July 16, 2005 | From Dow Jones/Associated Press
Since clothing chain Abercrombie & Fitch Co. reported better-than-expected June sales July 7, Chairman and Chief Executive Michael Jeffries has sold 1.44 million shares for $104 million, according to regulatory filings.
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BUSINESS
May 25, 2013 | By Tiffany Hsu, Los Angeles Times
In a dour end to Abercrombie & Fitch Co.'s difficult week, the teen retailer watched its stock slide by the largest margin in months after it reported a double-digit sales decline. The company's same-store sales in the U.S. plunged 17% in the first quarter, while its revenue sank 8.9% to $838.8 million. And although it narrowed its loss to $7.2 million, or 9 cents a share - from $21.3 million, or 25 cents, a year earlier - it still blew past Wall Street's expectation of a 5-cent loss per share.
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BUSINESS
February 22, 2007 | From Bloomberg News
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.
BUSINESS
May 17, 2013 | By Tiffany Hsu, Los Angeles Times
After days of silence during which long-held resentment toward Abercrombie & Fitch Co. began to boil over, Chief Executive Michael S. Jeffries tried to stem a backlash against the teen-focused retailer. Jeffries, in a statement Thursday, discussed criticism that the company lacks women's XL and XXL sizes in favor of catering toward young, good-looking customers. "A&F is an aspirational brand that, like most specialty apparel brands, targets its marketing at a particular segment of customers," he said in the statement.
BUSINESS
February 19, 2003 | From Bloomberg News
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.
BUSINESS
November 5, 2005 | From Associated Press
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.
BUSINESS
May 16, 2009 | Times Staff and Wire Reports
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.
BUSINESS
December 15, 1999 | Bloomberg News
The Securities and Exchange Commission upgraded to a formal inquiry its investigation of Abercrombie & Fitch Co.'s release of a sales forecast in October, the company said Tuesday. The clothing retailer previously had said the SEC was conducting an "informal inquiry" following reports that an Abercrombie executive told a brokerage analyst about a sales forecast before it was announced to the public. In a formal inquiry, the SEC has subpoena authority to obtain testimony and documents.
BUSINESS
January 6, 2006 | From Associated Press
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.
BUSINESS
June 17, 2003 | From Bloomberg News
Abercrombie & Fitch Co., a casual-clothing retailer catering mainly to teenagers, recruits and maintains a "disproportionately white" sales force, according to a lawsuit filed by organizations representing minority groups. Abercrombie implements its alleged discriminatory practice through a policy that requires salespeople to exhibit the "A&F Look," the Mexican American Legal Defense and Educational Fund, the National Assn.
BUSINESS
May 16, 2009 | Times Staff and Wire Reports
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.
BUSINESS
February 22, 2007 | From Bloomberg News
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.
BUSINESS
February 15, 2006 | From Associated Press
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.
BUSINESS
January 6, 2006 | From Associated Press
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.
BUSINESS
November 5, 2005 | From Associated Press
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.
BUSINESS
August 17, 2005 | From Bloomberg News
Abercrombie & Fitch Co. said second-quarter earnings rose 34%, spurred by back-to-school sales of jeans and graphic T-shirts. But its shares tumbled as much as 8.2% after the company missed analysts' profit estimates. Net income increased to $57.4 million, or 63 cents a share, from $42.9 million, or 44 cents, a year earlier, the New Albany, Ohio-based company said. Sales surged 42% to $571.6 million at Abercrombie, which also operates the Hollister and Ruehl chains.
BUSINESS
July 16, 1999 | Bloomberg News
Abercrombie & Fitch Co.'s lawsuit accusing rival retailer American Eagle Outfitters Inc. of copying the look of its merchandise, marketing and catalog was dismissed by an Ohio judge. Reynoldsburg, Ohio-based Abercrombie filed the suit last year in U.S. District Court in Columbus claiming American Eagle committed an "intentional and systematic copying" of Abercrombie's images and business practices. Abercrombie had sought to recover American Eagle's profit as well as punitive damages.
BUSINESS
July 16, 2005 | From Dow Jones/Associated Press
Since clothing chain Abercrombie & Fitch Co. reported better-than-expected June sales July 7, Chairman and Chief Executive Michael Jeffries has sold 1.44 million shares for $104 million, according to regulatory filings.
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