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Sun May 26, 2013, 10:11 AM

Abercrombie & Fitch posts ugly sales; stock drops 8% [View all]

The pricey teen retailer — whose CEO Mike Jeffries lately has come under fire for saying he doesn’t want fat people in his stores — posted an embarrassing quarterly sales drop that was made worse by kinks in its supply chain.

Abercrombie’s sales at stores open at least a year, or same-store sales, a closely watched measure of performance, plunged 15 percent in the first quarter — a shockingly steep drop that lead to a loss of more than $7 million and sent the company’s stock tumbling.
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Particularly disgraceful, critics said, was the fact that the delays — which were responsible for two-thirds of the nasty sales drop — were caused by botched efforts to speed up the clothing deliveries.

“You’ve got to be a really poorly run organization to lose that many sales because you couldn’t get inventory into the channels,” one disgusted Abercrombie shareholder told The Post yesterday.


http://www.nypost.com/p/news/business/buyers_off_vTYdOd9INyJMOQhIEaZZiI

So THAT's what he meant by "cool kids"? The cold ones that have no shirts because he couldn't ship them to his own stores?

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Reply Abercrombie & Fitch posts ugly sales; stock drops 8% [View all]
KurtNYC May 2013 OP
CanonRay May 2013 #1
hrmjustin May 2013 #2
KurtNYC May 2013 #3
Ron Green May 2013 #4
msongs May 2013 #5
ismnotwasm May 2013 #6
SomethingFishy May 2013 #8
ismnotwasm May 2013 #9
SomethingFishy May 2013 #10
ismnotwasm May 2013 #11
SomethingFishy May 2013 #7
KurtNYC May 2013 #12