Friday, November 22

Tag: Abercrombie & Fitch

All Stores Want for Christmas Is the Right Amount of Stuff
6Nov By adminNo Comments
Money

All Stores Want for Christmas Is the Right Amount of Stuff

Retailers’ holiday inventory planning has been fraught with unpleasant supply-chain surprises for two straight years. This year’s gift: Things are back to normal. In 2021, shipping delays meant retailers didn’t have enough stuff on their shelves to meet demand. And last year, scarred by those experiences, shops made the mistake of over-ordering merchandise—sending their shelves overflowing and forcing them to sell goods at margin-eroding discounts. A basket of retailers in the S&P 500 saw operating margins fall to 4.4% in the fourth quarter of 2022, down from 5.6% a year earlier.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Abercrombie Sued Over Former CEO’s Alleged Abuse of Male Models
27Oct By adminNo Comments
World

Abercrombie Sued Over Former CEO’s Alleged Abuse of Male Models

Oct. 27, 2023 11:02 am ETAbercrombie & Fitch was accused in a lawsuit of enabling former chief Mike Jeffries to run an alleged sex-trafficking operation for years.Jeffries ran Abercrombie from 1992 until 2014 and built the brand into a global fashion giant around sexualized marketing. The CEO allegedly used promises of a job at Abercrombie to lure young men to locations around the world and coerced them to have sex with him and others, according to a lawsuit filed Friday in Manhattan federal court. The complaint follows a recent BBC investigation where several men made similar claims against Jeffries.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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S&P 500 Has Best Day Since June
24Aug By adminNo Comments
Money

S&P 500 Has Best Day Since June

Technology and real-estate shares lifted the S&P 500 to its best daily performance since June despite surveys that flashed warnings of economic slowdown.
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