Reported about 11 hours ago
Major American retailers, including Abercrombie & Fitch and Target, are adjusting their sales forecasts for 2025 after a significant decline in consumer confidence and spending. Concerns over inflation and new tariffs imposed by President Trump on imports from key trading partners have exacerbated the situation. Abercrombie & Fitch, which reported sales growth expectations of only 3-5% for 2025, saw its stock price drop sharply. Other retailers are also facing similar challenges, with many reporting declining profits and suggesting impending price increases for consumers.
Source: YAHOO