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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAbercrombie & Fitch posts ugly sales; stock drops 8%
Abercrombies 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 companys 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.
Youve got to be a really poorly run organization to lose that many sales because you couldnt 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?
CanonRay
(14,113 posts)for screwing up the company. That's how corporate America works today.
KurtNYC
(14,549 posts)Ron Green
(9,823 posts)those stores a couple of years ago.
It was what I imagine Hell must be like.
msongs
(67,441 posts)ismnotwasm
(42,008 posts)SomethingFishy
(4,876 posts)She looks like a younger version of my wife.
ismnotwasm
(42,008 posts)SomethingFishy
(4,876 posts)Nice to see young people not falling for the bull...
Thanks for the link, and the discussions today! Most of my DU experience in the last couple years has been "why am I bothering with this".. but it's conversations like ours today that keep me coming back...
Hug those grandkids!!
ismnotwasm
(42,008 posts)SomethingFishy
(4,876 posts)is they claim they want "the cool kids" wearing their stuff. Now maybe this is a generational thing but has the word "cool" changed meaning in the last 30 years? Because when I was in school a "cool kid" wouldn't be caught dead wearing something like A&F or Ed Hardy... The way we knew a kid was cool was from the band depicted on his/her t-shirt...
KurtNYC
(14,549 posts)But mass marketers can't sell what is really cool. They tend to sell the stuff referred to by this infamous quote: