Abercrombie & Fitch got off to a tough start in 2022
May 24, 2022
Abercrombie & Fitch posted a first-quarter loss of 27 cents a share despite a four percent rise in sales year-over-year. The retailer pointed to the impact of inflation on the cost of goods and freight as the biggest factors for its loss. The company pledged to manage its expenses as the year goes on.
Recent News
Tech Experts Claim Multimodal AI Is the Next Big Thing
In the ever-evolving landscape of technology, there’s a new contender stealing the spotlight: multimodal AI.
McDonald’s May Be Ending Its Free Drink Refills
The days of patrons refilling their own cups will be over by 2032.
Trump Embraces Cryptocurrency to Mixed Responses
Former President Donald Trump’s recent embrace of the cryptocurrency market has stirred both excitement and skepticism within the industry.
Bumble Is Sorry for Ads That Mock Celibacy
The dating app is in hot water for its newest ad campaign.