New Albany News
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Abercrombie & Fitch Co. declined the most in nine months after the teen retailer reduced its annual profit forecast and said comparable-store sales would be lower for the remainder of the year.
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Twenty-five retailers including Hennes & Mauritz AB and Inditex SA pledged at least $60 million over five years to monitor safety in Bangladesh factories ahead of a midnight deadline to sign the accord after a building collapse that killed more than 1,100 people.
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Former fashion jewelry saleswoman Rebecca Gonzales and former Chief Executive Officer Ron Johnson have one thing in common: J.C. Penney Co. no longer employs either.
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Regional airline Mesa Air Group Inc. filed a proposed Chapter 11 reorganization plan on Sept. 17. A hearing to approve the explanatory disclosure statement is set for Oct. 26.
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Abercrombie & Fitch Co. declined the most in five months after the teen retailer forecast a loss for the first quarter, citing concern about the weak economy’s impact on sales.
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Abercrombie & Fitch Co., the teen apparel retailer with more than 1,000 stores, surged the most since its initial public offering after boosting its full-year profit forecast.
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Abercrombie & Fitch’s Gilly Hicks lingerie chain plans to open a store on London’s Regent Street, its second in England, according to publicly available documents.
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Billionaire Ken Griffin’s Citadel LLC bought a 6.3 percent stake in Abercrombie & Fitch Co., adding to increased interest in the teen retailer by hedge funds in the past three months.
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The Beatles’ former London headquarters, where the band performed for the last time on the rooftop, may become an Abercrombie & Fitch Co. store after planning authorities recommended the proposal over objections from retailers in the area.
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Abercrombie & Fitch Co., the operator of its namesake and Hollister teen-clothing stores, rose after the U.S. company said international sales growth would boost profit this year.
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