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Abercrombie

All articles tagged with #abercrombie

business-retail2 years ago•2 min saved

"Top Retailers Boost Holiday Sales Projections"

Abercrombie, Lululemon, and American Eagle raised their holiday sales forecasts, citing strong customer demand in November and December. While Abercrombie and American Eagle's shares surged, Lululemon's dipped slightly due to concerns about increased competition. Other retailers are expected to share holiday updates at the ICR Conference, with positive signs for holiday spending so far. American Eagle appears to be a winner, with quarter-to-date revenue up by about 8%, while Abercrombie and Lululemon also adjusted their forecasts for the fiscal fourth quarter. Retail earnings season begins in mid-February, with full holiday results from these companies expected in March.

via CNBC|

#abercrombie #american-eagle #business-retail

stock-market2 years ago•0 min saved

"Market Movers: Foot Locker, Peloton, AMC, Nvidia, Abercrombie, Apellis, and More"

Foot Locker, Peloton, AMC, Nvidia, Abercrombie, Apellis, and more are among the stocks that are making significant moves in the stock market.

via Barron's|

#abercrombie #amc #foot-locker

business2 years ago•3 min saved

Abercrombie & Fitch's Surprise Profit Sends Stocks Soaring.

Abercrombie and Urban Outfitters, two major retail chains popular with teens, reported strong sales in the first quarter, with Abercrombie producing a surprise profit and raising its net sales guidance for the full year, while same-store sales grew 5% at Urban Outfitters, nearly double the consensus estimate. Shares of Abercrombie soared 31% while Urban Outfitters finished up 17% on the news, even as concerns over whether consumers will stop spending still linger into the back half of the year.

via Yahoo Finance|

#abercrombie #business #consumer-spending