Weekly Review And A Look Ahead For Next Week
...guidance to $2.30 to $2.90 from the previous $3.25 to $3.40 and reduced revenue estimates by $2-$3 billion. JC Penny (JCP) and Abercrombie & Fitch (ANF) also chipped in with reports of sharply lower earnings. Walmart was the one positive story in the retail...
Roller-coaster week ends on one last dip
...November 2001 in the wake of the terrorist attacks that year. The market got more disappointing consumer news from retailers Abercrombie & Fitch Co. and J.C. Penney Co. Both warned that profits will come in below Wall Street?s already lowered projections as...
October sales tally sets off new alarm over economy
...chain Nordstrom Inc. said third-quarter profit fell 57 percent and it slashed its full-year forecast. Teen apparel retailer Abercrombie & Fitch Co., meanwhile, reported third-quarter profit fell 46 percent to $63.9 million, hurt by weak demand for its girls'...
JCPenney looks to lure luxury-oriented consumers
...(NYSE: ARO) has succeeded in doing just that in the teen apparel market, with its lower price points luring in former Abercrombie & Fitch (NYSE: ANF) loyalists. The problem may be that the weak economy will lead to a highly promotional environment at all retailers,...
Wall Street sells off as consumers snap wallets shut
...for US economic growth and corporate profits. Adding to the grim mood, JC Penney, the department store operator, and Abercrombie and Fitch, a clothing retailer for teens and young adults, gave disappointing outlooks and said shoppers look like they will be...
Bridgewater police blotter
...weapon, failure to maintain lane and failure to maintain lamps, police said. THEFT, 2:47 p.m. Nov. 6: An employee of Abercrombie & Fitch in the Bridgewater Commons mall reported the theft of $2,400 worth of shirts from a display table. THEFT, 6:54 p.m. Nov....
ESPN kills Texas stereotype, and others
... Straight out of an Abercrombie & Fitch catalog, Texas is a young man?s man. He is the kind of guy that could field dress a deer and then take you to the debutante ball in 20. Polite, farm boy. He?s good at everything. Except call centering. ESPN has thought...
Dow's 337-point fall caps a turbulent week
...2001, in the wake of the terrorist attacks that year. The market got more disappointing consumer news from retailers Abercrombie & Fitch Co. and JCPenney Co. Both warned that profits would come in below Wall Street's already-lowered projections as retailers...
Low end coming out on top amid turmoil
...at Neiman Marcus, the US luxury department store, dropped nearly 28% in October. Sales fell 20% and 17% at premium retailers Abercrombie & Fitch, and Saks and 16% at clothing chain Gap. At the other end of the market, though, so-called "99-cent stores" such...
Market?s turbulent week ends in sharp downturn
...2001 in the wake of the terrorist attacks that year. The market got more disappointing consumer news from retailers Abercrombie & Fitch Co. and JCPenney Co. Both warned that profits will come in below Wall Street's already lowered projections as retailers...
