Teen apparel retailer Abercrombie & Fitch posted a bigger-than-expected loss for the second quarter as efforts to win back shoppers through store remodeling and other measures failed to boost sales and are not expected to do so for the rest of the year.
Abercrombie's sales dropped
for the 14th straight quarter and comparable sales fell a slightly
steeper-than-expected 4 percent, mainly due to lower traffic, including
from tourists, at its flagship stores.. . . more