N ot­for­sale

The Denver Post - - BUSINESS - The As­so­ci­ated Press

Aber­crom­bie & Fitch has aban­doned plans to put it­sel fupf ors ale. The strug­gling teen re­tailer an­nounced its de­ci­sion on Monda y,s end­ing its shares tum­bling to a 17-year low. In­vestors’ hopes that a white knight would res­cue the com­pany were spark edin Ma y,w hen A&F said it was talk­ing with sev­eral par­ties abo utap oten­tial deal. Aber­crom­bie & Fitch has been grap­pling with chang­ing shop­ping trends. It’s clos edd ozen sof un­der­per­form­ing stores, al­though sale sr emain strong at it ss urf-in­spired Hol­lis­ter brand. It’s also work­ing to im­prove per­for­mance at Aber­crom­bie.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.