×
73 297
Fashion Jobs
UNDER ARMOUR
Stock Lead, ft
Permanent · ELLENTON
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · GRAND PRAIRIE
UNDER ARMOUR
Stock Teammate, Part-Time, $16.75 Per Hour
Permanent · LIVERMORE
MARSHALLS
Loss Prevention Customer Service Associate
Permanent · San Bruno
MARSHALLS
Loss Prevention Customer Service Associate
Permanent · Swansea
TJ MAXX
lp Detective-Clearwater
Permanent · Clearwater
TJX COMPANIES
Corporate Finance Manager, us Treasury
Permanent · Framingham
HOMEGOODS
Loss Prevention Associate - Full Time
Permanent · Braintree
MARSHALLS
Loss Prevention Customer Service Associate - 742
Permanent · Salisbury
TJ MAXX
70118-lp Detective
Permanent · Tustin
MARSHALLS
lp Detective- Miami, fl- Downtown
Permanent · Miami
MARSHALLS
Loss Prevention Customer Service Associate Part-Time
Permanent · Los Angeles
ROSS
Store Protection Specialist
Permanent · Honolulu
ULTA BEAUTY, INC.
General Manager
Permanent · Champaign
JCPENNEY
Sales Floor Supervisor - Village @ Fairview
Permanent · Fairview
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Phoenix
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Topeka
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Natick
Permanent · Natick
MACY'S
Asset Protection Detective, Perimeter Mall - Full Time
Permanent · Atlanta
MACY'S
Asset Protection Detective, Oak Brook Center - Full Time
Permanent · Oak Brook
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Mall at Greece Ridge Center - Full Time
Permanent · Rochester
By
Reuters
Published
Sep 7, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Citigroup cuts Abercrombie & Fitch to sell

By
Reuters
Published
Sep 7, 2009

Sept 4 (Reuters) - Citigroup cut teen apparel retailer Abercrombie & Fitch Co (ANF.N) to "sell" from "hold," saying sales shortfalls at the company will likely lead to continued negative earnings revisions.


"ANF is experiencing deteriorating same-store sales due to problems beyond pricing and newness as ANF's proactive promotional stance during the back-to-school shopping season does not appear to be driving improved sales results," analyst Kimberly Greenberger said in a note to clients.

On Thursday 3 September, the retailer, which runs its namesake stores and the Hollister and Gilly Hicks chains, had reported a wider-than-expected August same store sales decline of 29 percent.

"We are also incrementally concerned due to August weakness in key back-to-school items, including graphic tees, knit tops, and denim, which does not bode well for second half of the year," Greenberger added.

The analyst, who cut the price target on the stock to $24 from $33, said the company also appears late compared with competitors at securing lower product costs.

Shares of the retailer were down 5 percent at $29.39 Friday (4 September) morning on the New York Stock Exchange. (Reporting by Vidya Lakshmi in Bangalore; Editing by Pradeep Kurup)

© Thomson Reuters 2023 All rights reserved.