For all you investors out there, it may be time to put a hold on investing in some of the fashion companies out there... Here's what Alyce Lomax of The Motley Fool says about Abercrombie & Fitch:
"Abercrombie's slumping June probably shouldn't have been a huge surprise. Early in the year, Abercrombie told investors that it wouldn't be able to drum up as much growth in 2006 as it has recently, although same-store sales would remain in the modestly positive territory. (Last quarter, though, Abercrombie upped its earnings forecast for 2006.) Maybe that's why Abercrombie shares sustained a hit in Thursday's early-morning trading, but regained ground later that day.
...last winter I looked at Abercrombie's history of running a bit
hot and cold over the years, which made me wonder at what point the retailer might revisit the "down" side of the cycle once more." Read more...
It's actually been awhile since I've stepped inside Abercrombie. The company's need to use half-naked people in their ads and marketing has turned me off. Do you really see guys walking around with their button down shirts open so the world can see their six pack?
I ask myself every day why in God's name should anyone want to buy a product if it is marketed with a half-naked woman? I am disgusted with that cheepo body sale, but hay, that's only me. If there's so much of these ads, majority of people must likethem.
Posted by: Ivy | July 12, 2006 9:56 AM | Permalink to Comment