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Penney, Abercrombie beat estimates but cautious external link

biz.yahoo.com | Fri, Aug 15

J.C. Penney Co Inc and Abercrombie & Fitch Co reported quarterly profits that beat Wall Street expectations on Friday, but came up short in their earnings forecasts, joining other U.S. retailers who fear a deeper slowdown in consumer spending toward year's end.

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Abercrombie & Fitch laying off 170 home-office workers

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

 

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