Abercrombie Announces 1Q Loss
May 17th, 2009 | By TheManBehindTheManBehindTheMan | Category: Bidness, Featured Articles, Top WTFs
Apparently Gay Men ALSO Now Shopping at Wal-Mart!
Abercrombie & Fitch Co. reported a fiscal first-quarter loss of nearly $27 million, which may signal that gay men and teen boys and girls with eating disorders may be “going discount” more than was expected.
This year, the New Albany-based retailer reported a $26.8 million, or 31 cents a share loss for the three months ended May 2.
Last year,it posted a profit of $62.1 million, or 69 cents a share for the same period, and overall sales during the quarter fell 24 percent to $612.1 million from $800.2 million in 2008.
Go back to what you know Abercrombie… I don’t think anyone can argue anymore… soft-core porn featuring tweens and semi-adults sells tight shirts and jeans.
and… more about Abercrombie’s problems with the religious right here (from 2003)