Coming Apart at the Seams
I guess it's pretty clear what kids will be wearing back-to-school this year -- last year's fashions! After Wednesday's close, Abercrombie & Fitch (ANF) slashed guidance and the stock was pounded into oblivion.
This shouldn't be a surprise. I've been on Abercrombie's case since February. Back then I asked if this was the end of teen retail. In April I wouldn't leave well enough alone and once again jumped on Abercrombie. Teen retail, which was once the hottest subsector in consumer discretionary, has come apart at the seams....242 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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