Shares of Abercrombie & Fitch got discounted yesterday, falling nearly 7 percent after the teen retailer said bloated inventories are hurting margins.
Mall - based garment chain for the second quarter profits to $19.5 million us dollars, 22 cents per share. A year ago the company lost $26.7 million, or 9 cents.
From its 1,098 shop 745.8 dollars income rose by 17% million dollars.
However, sales and less profitable than in years past famous retailers will its high prices in nearly 15% to better rivals Aeropostale and American outer like eagles Outfitters.
Discount is a concern, trigger down gross margin 150 basis points to 651 percentage points, investors worry more about as many as 47 percent of quarterly inventory increases, worry repeatedly heavy markdowns will pursue retailers profits in key 'back-to-school and holiday season.
Cfos Jonathan Ramsden retorted, crowded stock rooms are necessary "to the correct significant is the fact that we underinventoried report and the following standard into last fall."
According to sales in stores open than 5% increase at least a year and durable goods drops 30%.
The company said it will close the company in the United States 60 years old this year, most of them are expirations time leasing. It continues to expand overseas, but in the robust plan than previously anticipated.
Mall - based garment chain for the second quarter profits to $19.5 million us dollars, 22 cents per share. A year ago the company lost $26.7 million, or 9 cents.
From its 1,098 shop 745.8 dollars income rose by 17% million dollars.
However, sales and less profitable than in years past famous retailers will its high prices in nearly 15% to better rivals Aeropostale and American outer like eagles Outfitters.
Discount is a concern, trigger down gross margin 150 basis points to 651 percentage points, investors worry more about as many as 47 percent of quarterly inventory increases, worry repeatedly heavy markdowns will pursue retailers profits in key 'back-to-school and holiday season.
Cfos Jonathan Ramsden retorted, crowded stock rooms are necessary "to the correct significant is the fact that we underinventoried report and the following standard into last fall."
According to sales in stores open than 5% increase at least a year and durable goods drops 30%.
The company said it will close the company in the United States 60 years old this year, most of them are expirations time leasing. It continues to expand overseas, but in the robust plan than previously anticipated.
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