Teen retailer Abercrombie & Fitch says it booked a loss in its fiscal first quarter and is beginning a strategic review of its Ruehl business, which is aimed at an older demographic.
3 bloggers weighed in on a similar topic
3 Months Ago,
biz.yahoo.com says
(in Abercrombie & Fitch moves to 2Q loss)
Abercrombie & Fitch says it lost money in its second quarter as the teen clothing retailer incurred charges related to the closing of its Ruehl business.
6 Months Ago,
AOL Canada says
(in Abercrombie & Fitch books loss, plans review of Ruehl unit)
The company, which has resisted cutting prices as drastically as other teen retailers, reduced prices during the quarter and said it is "actively planning for meaningful reductions" - especially in its Hollister and children's stores. ...
And
google.com says
(in Abercrombie books loss, plans review of Ruehl unit)
NEW YORK (AP) — Teen retailer Abercrombie & Fitch says it booked a loss in its fiscal first quarter and is beginning a strategic review of its Ruehl business, which is aimed at an older demographic. Abercrombie & Fitch Co. lost $26.8 million, ...
That was for all Abercrombie-owned chains, which include abercrombie, Hollister, Ruehl and Gilly Hicks. In January, Abercrombie CEO Michael Jeffries sent an e-mail to employees notifying them of imminent cutbacks in response to economic conditions. ...
Thu, Apr 30 | from Columbus Dispatch