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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:36 EDTANFAbercrombie & Fitch sees FY14 EPS $2.15-$2.35, consensus $2.32
Sees high-single digit decline in comparable store sales and an approximate 20% increase in comparable direct-to-consumer sales, which does not include any benefit the company may realize during the year from its strategic long-range plan initiatives, but also does not reflect further potential deterioration in underlying trends. Guidance assumes gross margin rate for the full year that is flat to down slightly compared to FY13, with continuing average unit retail pressure and lower shipping and handling revenues relative to sales offsetting average unit cost improvement and a benefit from the company's profit improvement initiative.
News For ANF From The Last 14 Days
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April 24, 2015
13:26 EDTANFAbercrombie & Fitch to end "Look Policy" for employees, Bloomberg reports
Abercrombie & Fitch will retire its "appearance and sense of style" hiring rule for employees, reports Bloomberg. Abercrombie brand President Christos Angelides and Hollister brand President Fran Horowitz said the changes to the dress code are part of their plan to cater to more shoppers. Reference Link
April 15, 2015
14:58 EDTANFAbercrombie & Fitch June calls active
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10:00 EDTANFOn The Fly: Analyst Initiation Summary
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06:56 EDTANFAbercrombie & Fitch initiated with a Neutral at Guggenheim
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April 13, 2015
06:22 EDTANFGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link

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