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.
December 15, 1999 |
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.
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.
June 17, 2003 |
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.