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.
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