Abercrombie & Fitch's Business Transition Will Weigh On Its Q1 Results

Though Abercrombie had identified this trend and was proactively looking to overhaul its merchandise portfolio, its sales have plummeted during this transition. During the last quarterly earnings call, Executive Chairman, Arthur Martinez said that business transition will trouble the company for another couple of quarters, but will help the brand in the long run. It is thus almost certain that Abercrombie will report weak results yet again. Moreover, the industry-wide decline in foot traffic on ...