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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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March 27, 2015
05:52 EDTANFAmerican Eagle downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded American Eagle (AEO) to Sell saying it sees 29% downside risk over the next six months. Goldman believes declining mall traffic and "aggressive competition" from low cost stores puts the retailer in a multi-year period of diminishing productivity, margins, and returns. Its six-month price target for American Eagle is $12. Shares of the retailer closed yesterday up 17c to $16.92. Goldman lists Ann Inc. (ANN), Abercrombie & Fitch (ANF) and American Eagle as its top sell ideas in the Specialty Apparel space. Its lone Buy rated name in the group is Urban Outfitters (URBN).
March 24, 2015
10:20 EDTANFAbercrombie & Fitch sees ongoing expense reduction as way of life going forward
10:16 EDTANFAbercrombie & Fitch sees 'sigificant' FX headwinds in 2015
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07:27 EDTANFTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.

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