Several apparel retailers including Lululemon, Abercrombie & Fitch and American Eagle received a holiday-quarter sales lift on resilient demand from cost-conscious shoppers but heavy discounting raised fears of a margin hit at some firms. Retailers like Amazon and Target discounted their wares both early and at steep levels for the holiday season as they tried…
American retail company Abercrombie& Fitch Co on Thursday announced a multi-year partnership with Myntra Jabong, company’s business-to-business wholesale entity, to expand the global reach of it brands in India. Abercrombie, in a press release, said Myntra Jabong will build a brick-and-mortar retail store presence in India, regional e-commerce sites and branded digital storefronts operated by…
Abercrombie & Fitch raised annual sales growth forecast and beat first-quarter estimates on Wednesday, expecting new and on-trend apparel and accessories to drive demand at its Hollister and namesake brands, sending its shares up about 13%. Refreshing styles in low-rise baggy pants and wide-leg jeans to appeal to picky shoppers and relying less on discounts…
Representative Image Abercrombie & Fitch raised its annual sales forecast on Wednesday after its second-quarter results comfortably beat estimates on strong demand for latest fashion styles at its Abercrombie label and improved assortment at Hollister. Shares of the Ohio-based company jumped 15% in premarket trading. Abercrombie has been filling its shelves with a fresh collection…
