Wednesday, December 1, 2010

Abercrombie & Fitch warned profits

Among retailers massacre continuous Wall Street mall - based chain reports, September sales bad two consecutive days.
Bad news standards and sent to the poor retail index fell, accounting for approximately 7.9% loss the worst record.
Pricey teen retailer Abercrombie & Fitch warned profits for the second half of the year will fall "appreciably below" its earlier forecast, as it reported a 14 percent plunge in its September same-store sales, or sales at stores open at least a year.
Critics said abercrombie, charging strategy 200 dollars buy a pair of jeans won't fly ripped - up, with the old economic crisis gripping in customer during the holidays.
The gap is another shopping center casualties as consumers fled, September. Specialty - apparel giant 11%, due to the sales decline same - store experiment will fall, their old navy chain, recently appointed a new CEO.
However, the gap with declines at company, banana republic chain is not like mark said, Montagna steep analysts champions league king. He thinks that gap will still meet his help, third-quarter profit estimate their online business.

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