President John F. Kennedy’s casual New England look has influenced generations.
Hollister comps were up 3%, but Abercrombie’s were down 10%.
The consensus estimate pegs Q1’s net loss at 70 cents a share, on sales of $651 million.
Analysts say strategic buyers tend to have difficulty merging specialty retailers.
Abercrombie said there’s “no assurance” any discussions will lead to a definitive agreement.
Abercrombie’s annual shareholders’ meeting will be held June 15.
Abercrombie and Hollister will be available to more than 600 million online shoppers in Asia starting this month.
The senior vice president of design for Abercrombie & Fitch will reveal his first-dual gender collection for the retailer today.
Styles, stores and the target market have changed, but not the brand’s DNA.