Abercrombie's (ANF) Q1 performance is likely to be hurt by store closures stemming from the COVID-19 crisis as well as softness in Hollister brand and international markets.
Retail analyst Dana Telsey expects brands such as Lululemon, Estée Lauder, and Ulta to thrive once the pandemic passes.
COVID-19 has had an impact on pricing and consumer behavior, with some analysts forecasting long-term changes.
J.Crew has filed for chapter 11 bankruptcy amid the coronavirus outbreak. Yahoo Finance’s Emily McCormick joins Seana Smith to discuss what this means for the retail sector.
Abercrombie & Fitch Co. said Wednesday it has started to reopen stores that were shuttered because of the coronavirus pandemic in those locations where regulations allow it. "We are optimistic for the future and we're happy to announce that we have begun to open select stores globally on a rolling basis and will continue to do so in the weeks ahead," Chief Executive Fran Horowitz said in a regulatory filing. "We will open stores as State and local regulations allow and as we are able to meet the applicable safety and health standards." Shares were slightly higher premarket.
U.S. retailers are slowly reopening. Here is an updated list.
Abercrombie too has started reopening stores, but did not provide the number of outlets or their specific locations. Macy's Inc and Coach owner Tapestry Inc have also begun reopening stores in the United States.
Abercrombie & Fitch Co has begun reopening stores in parts of the world where lockdown restrictions have eased, the company said on Wednesday, as more retailers chart out paths to recovery after the COVID-19 pandemic upended businesses. Abercrombie closed all its stores in North America, Europe and the Middle East in mid-March as government lockdowns to control the virus spread brought business activities to a near standstill. In a letter posted on the company's blog, Chief Executive Officer Fran Horowitz said select stores were opening on a rolling basis.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
Shares of lifestyle retailer Abercrombie & Fitch (NYSE: ANF) traded lower today despite positive outlooks provided by research notes from a pair of major investment firms. Both Wedbush Securities and investment bank B. Riley FBR expressed optimism today about the apparel seller, which, like much of the sector, saw sales and share value plunge in March and April as COVID-19 spread through major U.S. cities. From B. Riley, analyst Susan Anderson gave Abercrombie & Fitch a $13 per share price target, expecting it to "outperform" under current conditions, with sector sales recovering and company cost-cutting and online efficiency winning over investors.
NEW ALBANY, Ohio, May 01, 2020 -- Abercrombie & Fitch Co. (NYSE: ANF) will be holding its quarterly earnings conference call for all interested parties on Thursday, June 4,.
B. Riley analyst Susan Anderson expects earnings for the specialty retailers in her coverage to be slightly better than consensus, as sales have “rebounded significantly from mid-March lows.”
Abercrombie & Fitch Co. announced a partnership with clothing resale marketplace ThredUp on Wednesday such that customers will receive a gift certificate to shop with Abercrombie & Fitch when they clean out their closets and send their clothes to ThredUp. Gift certificates can be used at the namesake retailer, abercrombie kids, Hollister and Gilly Hicks. The partnership adds to ThredUp's list of "cleanout" distribution partners. Abercrombie & Fitch stock has sunk 64.5% over the past year while the S&P 500 index is down nearly 6% for the period.
E-commerce continues to dominate retail
Abercrombie (ANF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Abercrombie & Fitch Co. (ANF), a leading, global specialty retailer of apparel and accessories, today announced it has partnered with thredUP, the world’s largest fashion resale marketplace. This partnership allows customers to send in their clothing for gift cards to be redeemed at Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks. A&F Co. is thredUP’s latest Resale-as-a-Service (RAAS) cleanout distribution partner.
Abercrombie & Fitch Co. (ANF) today announced the election of two new independent board members, Susie Coulter and James A. Goldman, effective May 20, 2020. Additionally, James Bachmann’s term on the Board of Directors ended immediately prior to the Company’s Annual Meeting after serving on the Board for nearly 17 years. “I’d also like to thank Jim Bachmann for his many years of dedicated service to A&F. We greatly appreciate his numerous contributions to the Company over the years.”
Abercrombie & Fitch Co. (ANF) today announced that it has changed the date of its previously announced quarterly earnings conference call to Thursday, May 28, 2020 at 8:30 a.m. ET. Abercrombie & Fitch Co. (ANF) is a leading, global specialty retailer of apparel and accessories for Men, Women and Kids through three renowned brands.
This week is a shortened trading week with major markets closed Monday in observance of the Memorial Day holiday. Investor focus will remain on the coronavirus and its impact on the U.S. economy as most states across the country continued their phased reopening plans.
Kohl's Corp said on Thursday it plans to reopen a quarter of its stores by next week, as retailers start to get business going again in states where coronavirus-induced lockdown restrictions have eased. Abercrombie & Fitch Co and cash-strapped Gap Inc on Wednesday also laid out plans to reopen their stores, as more than half of U.S. states ease restrictions on business activity in an effort to restart their economies.