Connect with us

Business

Abercrombie & Fitch CEO says it has a playbook to deal with closures as Covid threatens to shutter stores – CNBC

Abercrombie & Fitch is facing another round of temporary store closures due to the coronavirus pandemic, threatening its holiday performance.

Published

on

post featured image
ADVERTISEMENT

The possibility that Abercrombie & Fitch will face additional rounds of temporary store closures due to rising Covid-19 cases sent the retailer’s shares down Tuesday, despite it reporting an earnings beat, as investors feared the shutdowns could threaten Abercrombie’s key holiday shopping season.
Abercrombie is now calling for sales in the fourth quarter to fall 5% to 10%, which would be a steeper decline than in its latest period.
Shares were down about 3% in late-morning trading.
CEO Fran Horowitz…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Jamie Lynn Spears Implicates Elon Musk in the Death of Her Cats – Vulture
post featured image
Top Tech Stocks for 2021 – Motley Fool
post featured image
Numbers revealed for massive $640M Powerball jackpot – News 12 Connecticut