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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:37 EDTANFAbercrombie & Fitch sees FY14 CapEx $200M or slightly higher
The company expects total capital expenditures for the fiscal year to be approximately $200M or slightly higher, including the effect of timing shifts from FY13. The company anticipates opening 16 full-price international stores throughout the year, including an Abercrombie & Fitch flagship store in Shanghai in April 2014 and a small number of Abercrombie & Fitch mall-based stores. In addition, the Company plans to open a small number of international and U.S. outlet stores during the fiscal year. The Company also expects to close approximately 60 to 70 stores in the U.S. during the fiscal year through natural lease expirations.
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June 30, 2015
07:02 EDTANFAbercrombie & Fitch downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Abercrombie & Fitch to Market Perform and maintained its $24 price target. The firm said store productivity could be pressured across segments as the brand image turnaround is a ways out and may require a new generation of consumers. FBR said sweeping cultural changes are positive but benefits will take time, there is potential for continued margin pressure from international, and the teen/young adult industry is in a multiyear transition.
June 25, 2015
14:14 EDTANFAbercrombie & Fitch, DoJ settle immigration related employment case
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June 23, 2015
07:36 EDTANFJMP Securities to hold a conference
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