Abercrombie & Fitch Co.’s growing international business paid dividends in the second quarter, but the company said it would close 10 to 15 more U.S. stores than planned and warned gross margins were deteriorating.
Despite a 64.4 percent gain in net income for the quarter, shares of Abercrombie fell 7.8 percent to $65.47 in midday trading as investors focused on the second half.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)