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Stock Market & Financial Investment News

News Breaks
February 26, 2014
10:27 EDTARO, APP, GPS, ANF, AEOAbercrombie rises after beating high-end of Q4 earnings expectations
Shares of apparel retailer Abercrombie & Fitch (ANF) are rising after the company reported higher than expected fourth quarter earnings. WHAT'S NEW: The company reported fourth quarter earnings per share excluding items of $1.34 on revenue of $1.3B. Analysts were looking for fourth quarter earnings per share of $1.03 on revenue of $1.36B, according to First Call. The consensus range for earnings per share was 92c-$1.17 on revenue of $1.25B-$1.67B. Abercrombie & Fitch also reported fourth quarter same-store sales were down 8%. WHAT'S NOTABLE: Abercrombie & Fitch announced that its board approved a $150M accelerated share repurchase to be executed during the first quarter of FY14. The company forecast a high-single digit decline in comparable store sales and an approximate 20% increase in comparable direct-to-consumer sales in FY14. The company also said it sees a significant increase in planned marketing spend in FY14 and anticipates opening 16 full-priced international stores throughout the year. OTHERS TO WATCH: Retail rivals to Abercrombie & Fitch include American Eagle Outfitters (AEO), Aeropostale (ARO), American Apparel (APP), and Gap (GPS). PRICE ACTION: During mid-morning trading, shares of Abercrombie & Fitch rose about 8% to $38.84, while Aeropostale was up almost 5%, American Eagle gained 3%, and American Apparel and Gap both advanced about 1%.
News For ANF;AEO;ARO;APP;GPS From The Last 14 Days
Check below for free stories on ANF;AEO;ARO;APP;GPS the last two weeks.
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July 31, 2014
10:02 EDTANFOn The Fly: Analyst Upgrade Summary
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07:35 EDTANFAbercrombie & Fitch upgraded to Neutral from Underperform at BofA/Merrill
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July 23, 2014
18:05 EDTAPPAmerican Apparel names four new board members, including one woman
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13:13 EDTAPPAmerican Apparel hopes to resolve Dov Charney situation by August, Reuters says
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July 22, 2014
09:32 EDTANFAbercrombie & Fitch Q2 revenues tracking below consensus, says ITG Research
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July 21, 2014
14:02 EDTGPSGap expands brand to Slovenia and Austria
Gap announced that it will introduce the Gap brand to Slovenia and Austria through agreements with new and existing franchise partners. Magistrat International has been selected for the launch of Slovenia and Gottex, which currently manages the Gap franchise business in Israel and Hungary, will launch Austria. Gap has signed a new agreement with Magistrat International to open three stores for the first time later this year in the capital city of Ljubljana. City Park. All locations are scheduled to open by September this year. Gap will also open its first store in Vienna, Austria this October through an existing relationship with Gottex Brands, which is a part of the Trimera Group.
11:04 EDTANFOptions with increasing implied volatility:
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July 18, 2014
17:25 EDTAPPStandard General working with American Apparel to restructure loan
On July 16, Lion/Hollywood assigned its rights and obligations as a lender under the credit agreement dated as of May 22, 2013 by and among the company, the facility guarantors party thereto, Lion/Hollywood as the initial lender and the other lenders party thereto to Standard General. Standard General purchased the loan in order to resolve any disputes over any alleged events of default under the credit agreement and does not believe that there has been an event of default under the credit agreement. Standard General is working with American Apparel to restructure the loan. As previously discussed on July 11, Standard General is prepared to lend its credibility and capital resources to assist American Apparel in accordance with the support agreement described therein.
July 17, 2014
18:43 EDTAPPAmerican Apparel investor close to buying Lion's $10M loan, Bloomberg says
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09:47 EDTAPPAmerican Apparel shareholders says firm endured 'serious damage' to reputation
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06:47 EDTAPPStandard General plans American Apparel future without ex-CEO, Reuters says
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