Mid Day Daily

Tuesday, January 19, 2021
Log in
  • Home
  • National & International
  • Business & Financials
  • Technology
  • Health
  • Science
  • About Us
    • Our Staff
    • Contact Us
    • Privacy Policy GDPR
    • Terms of Use
  • Latest News
    • Sloths Were Declared the Slowest Animals on Earth
    • Facebook’s Messenger Will Give You the 411 on Non-Friends
    • Fun Facts About the Coconut Crab
    • The Coyote Hunting in Wisconsin might be Banned
    • Autism Was Genetically Introduced In Monkeys
    • Tully Monster Has Many More Mysteries Left To Offer
    • Mom Claims Daughter Was Forced To Get Naked To Pass Exam In School
    • What Happens When Two Planets Collide?
    • FDA Approves the BrainPort Vision Device That Gives Hope To The Blind
    • Two Cretaceous Plankton-Eating Fish Species Were Discovered
    • Columbia University Researchers Store Computer Information on DNA Strand

Pages

  • About Midday Daily
  • Contact Us
  • Our Staff
  • Privacy Policy GDPR
  • Terms of Use

Recent Posts

  • Indiana Jones 5 Won’t Open in 2020 After All June 29, 2018
  • ‘Oumuamua is Actually a Comet, Not an Asteroid (Study) June 28, 2018
  • Best Evidence of Alien Life on Saturn’s Moon Enceladus, Found (Study) June 28, 2018
  • Jeremy Irons to Star in HBO’s Watchmen Reboot June 27, 2018
  • The Fermi Paradox: We Might Be Alone in the Universe (Study) June 26, 2018
  • The Strawberry Moon and Who It Will Affect June 26, 2018
  • Tom Holland Reveals Spider-Man: Homecoming Sequel Title June 25, 2018
You are here: Home / Archives for Abercrombie & Fitch Co

Abercrombie’s Turnaround Efforts to Be Expected in 2015

December 17, 2014 By Amilia Allport

Abercrombie’s Turnaround Efforts to Be Expected in 2015Abercrombie & Fitch Co, a teen apparel retailer have been struggling and expecting turnaround efforts to become fruitful next year, however, warned a tough holiday quarter due to heavy discounts.

Company shares increased by 6%, while the company stock dropped 2%, an early trading record low after the company posted lower quarterly sales than expected, and curb its full-year profit expectations.

The company has turned its business around by cutting costs as well as launching trendier apparel that would be appealing to more fashion-conscious teens, while increasing its online presence at the same time.

After years of declining same-store sales, the company said in August it would shed its conventional logo-centric merchandise that was once being sought-after by customers.

On Wednesday, analysts said Abercrombie’s efforts are likely to pay off towards 2015.

Abercrombie customers have been switching to “fast-fashion” stores like H&M, Zara, and Forever 21 that is offering newer styles with lower price tags.

Mike Jeffries, company CEO said the logo headwind is expected to mitigate towards 2015, and to affect the trend absolutely. Comparable sales dropped 8% in the 2013 holiday quarter.

The company cut its adjusted profit expectation to $1.50 to $1.65 a share for the year ending February.

Its adjusted net income dropped 25% to 30.4 million dollars or 42 cents a share during the third quarter ending November 1.

Revenue fell 12% to $911 million, while shares rose 5.1% in $29.26 during the afternoon trading on the NYSE.

Filed Under: Business & Financials Tagged With: Abercrombie & Fitch Co

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 10 other subscribers

Recent Articles

USPS van

Chinese Drug Dealers Shipping Drugs to U.S. via Postal Service

January 28, 2018 By Dean Lamori

Marlboro cigarette packs

Philip Morris Wants to Help You Quit Smoking

January 6, 2018 By Dean Lamori

Drugs and money

Drug Company Sued for Bribing Doctors to Prescribe Potent Opioid

December 24, 2017 By Dean Lamori

Smartphone user sitting on sidewalk

Calif. Health Dept: Excess Smartphone Use Can Cause Brain Cancer

December 17, 2017 By Dean Lamori

jared kushner

Kushner Plans to Revamp 666 Fifth Avenue Skyscraper, Partner Isn’t Supportive

November 2, 2017 By Tom Hager

elon musk

Elon Musk Shares Progress He Made with Boring Company on Twitter

October 30, 2017 By John Cooper

starbucks mugs

Starbucks Takes Halloween Seriously with New Zombie Frappuccino

October 28, 2017 By Kurt Cottrell

ecigarette

New York to Treat eCigarettes Same Way as Regular Cigarettes in Public Indoor Areas

October 26, 2017 By Tom Hager

amazon box

Amazon Warehouse Delivered Couple’s Requested Storage Containers with 65 Pounds of Weed

October 25, 2017 By Kurt Cottrell

ibm offices

IBM’s Q3 Report Encourages Greater Sales Expectations for the First Time in Years

October 19, 2017 By Kurt Cottrell

dubai police supercars

Dubai Police to Patrol the City from Above Thanks to Multirotor Hoverbikes

October 16, 2017 By John Cooper

marketing stunt for rick and morty

Woman Received Volkswagen Car for One Legendary Szechuan Sauce Pack from McDonald’s

October 14, 2017 By Amanda Lane

honeywell center

Honeywell to Turn Two Units into Publicly Traded Companies by 2019

October 12, 2017 By Tom Hager

self-driving car

New AI Project Will Help Autonomous Cars See What’s Around Corners

October 11, 2017 By Sam Doliente

Categories

  • Business & Financials
  • Entertainment
  • Health
  • National & International
  • Nature
  • Science
  • Technology
  • U.S.
  • World

Copyright © 2021 MidDayDaily.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.