Abercrombie & Fitch is happy to put 2020 in the past
May 27, 2021
Abercrombie & Fitch reported a 61 percent increase in first-quarter year-over-year sales as the clothing retailer went up against weak comps from 2020 when it was forced to close stores due to the pandemic. The company saw its digital sales continue to grow, up 45 percent, during the quarter. A&F posted earnings of 67 cents a share compared to a loss of 38 cents last year.
Recent News
Fashion Retailer Express Files for US Bankruptcy Protection
The retailer is expected to close almost 100 stores nationwide.
Nationwide Health Alert for E. Coli in Greater Omaha Ground Beef
There is no recall for this product. It should be thrown away or returned to point of purchase.
Delta Air Lines Increases Pay as Unionization Attempts Continue
Delta Air Lines is upping the pay for its nonunion workers, including flight attendants and ground staff, as it faces another unionization attempt.
TikTok Faces EU Ban and Fines Over TikTok Lite
European Union officials are considering hefty fines and the suspension of TikTok Lite due to concerns about its addictive features. TikTok Lite is a scaled-down version of TikTok that offers users cash rewards for engaging with the app.