Abercrombie & Fitch Company News
Gap Lays Off 500 as Fast-Fashion-Focused Consumers Snub Its Brands
Despite efforts to reinvigorate its Gap, Old Navy and Banana Republic offerings, Gap is laying off 500 corporate workers as consumers snub the once-popular brands.
Will Buy Now, Pay Later Dominate Future Retail Sales?
Consumers looking for an easier way to pay for big ticket items may turn to buy now, pay later payment plans.
Is Best Buy Stock a Surprising Buy After Earnings Miss?
Best Buy stock is flat on a bad market day after an earnings miss. Here's the trade.
Retail Stocks Level Off as Cyber Monday Offsets Omicron Concerns
Macy’s, Kohl’s, Nordstrom and other retail stocks recover on Cyber Monday optimism after Friday's omicron variant scare casts a pall on Black Friday sales.
5 Top Stock Decliners for Tuesday Are Retail, Tech
Retail and tech stocks are falling on Tuesday as Wall Street reacts to Jerome Powell's nomination to a second term as Federal Reserve Chairman.
5 Top Stock Gainers for Wednesday: ZScaler, GameStop, Urban Outfitters
ZScaler, GameStop, Urban Outfitters, Abercrombie & Fitch and Ford are five top stock gainers for Wednesday.
Abercrombie & Fitch Jumps After Surprise Swing to Profit
Abercrombie & Fitch reported a surprise swing to profit. The report included a 45% increase in digital net sales.
Treasury Yields Jump After Weak $43 Billion 2-Year Auction, Sliding Foreign Demand
The Treasury sold $43 billion in 2-year notes at a high yield of 4.29% - nearly a full percentage point above last month's auction levels.
Economist El-Erian Sees Strong Chance for Recession
But he thinks the Fed must keep raising interest rates to quell inflation. And he expects continued market volatility.
Pound Collapse Puts Dollar Parity, Emergency Bank of England Rate Hikes in Focus
Britain's new government said it will continue focusing on tax cuts and new borrowing to boost growth even as markets push the pound to a record low against the U.S. dollar.
What Happens to Your Credit Card When Interest Rates Rise
With interest rates soaring, credit card consumers may be in for a shock