Reported about 14 hours ago
Abercrombie & Fitch's stock dropped sharply after the company announced disappointing sales forecasts for 2025, influenced by rising freight costs and consumer spending affected by tariffs. The retailer is now projecting net sales growth of only 3-5%, a significant decrease from previous expectations. Analysts warn that without the ability to pass on increased costs to customers, demand may further decline, impacting the overall retail landscape.
Source: YAHOO