2009年9月27日星期日

Early To Abercrombie & Fitch

Apparently, the city code prohibits the display of “obscene materials in a business that is open to juveniles.” Police say they gave the abercrombie and fitch warnings to remove the images after customers complained, but their warnings were ignored. In response to the charges and controversy, abercrombie and fitch released the following statement:
“The marketing images in question show less skin than you see any summer day at the beach. And certainly less than the plumber working on your kitchen sink.”
The company plans to pursue its legal rights aggressively, while the manager of the store faces a fine of up to $2000 and a year in jail.
An abercrombie and fitch store in Virginia Beach, Va. has had it’s racy display photos removed by city police, and its manager was cited for a misdemeanor obscenity charge. The store had two photos of questionable images. One of the photos features three shirtless men, one with butt cleavage sticking out. The other of a woman with one of her breasts almost fully exposed.
The apparel retailer reported on Wednesday that its third-quarter earnings jumped 15.3% as increased sales offset higher markdown rates. For the period ending Nov. 3, Abercrombie & Fitch (nyse: ANF - news - people ) earned $117.6 million, or $1.29 per share, up from $102.0 million, or $1.11 per share in the third quarter of 2006.
Total sales for the period climbed to $973.9 million, up 12.8% from $863.4 million in the similar period a year prior. Same-store sales for the quarter rose 1%, which includes sales at Hollister and RUEHL brands. Same-store sales at Abercrombie & Fitch stores grew 3%.
The New Albany, Ohio-based company beat the profit predictions of analyst polled by Thomson Financial, who forecast $1.28 per share. However, Abercrombie & Fitch fell short of the Street's sales estimate of $985.3 million.
abercrombie and fitch attributes its profit increase to a higher price markups than last year. Also, the company noted that it suffered fewer losses from theft than in the past.
This winter, Abercrombie & Fitch is "featuring fleece that is of heavier weight than other teen retailers," said Friedman, Billings, Ramsey analyst Adrienne Tennant, who said she believes sales of these products may disproportionately benefit the company heading into the coldest months of the year. Tennant also noted that Abercrombie & Fitch has done a solid job of managing inventory levels, a key concern in a weakening economy.

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