Investors show confidence that Abercrombie’s comeback is real
August 25, 2017
Shares of Abercrombie & Fitch stock spiked 17 percent yesterday on news that the company beat Wall Street sales expectations. The company’s Hollister division did best — comparable sales (which excludes newly closed or opened stores) rose 5 percent in the latest quarter. Abercrombie chain sales fell 1 percent. Analysts had predicted a 2 percent drop. The company credits the improvements to a return to basics and customer experience upgrades, such as its redesigned fitting rooms.
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.