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Fashion Jobs
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L'OREAL GROUP
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FEDBANK FINANCIAL SERVICES LTD
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PROJOBS
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Production Manager- Diagnostic Portfolio
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Production Manager & Production Supervisor
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L'OREAL GROUP
Sales Executive - Professional Division - Bhopal
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L'OREAL GROUP
Executive - Sales Cpd - Bhatinda (n)
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L'OREAL GROUP
Sales Executive - Cpd - Bhatinda
Permanent · Bathinda
L'OREAL GROUP
Area Sales Manager, Cpd - Chandigarh
Permanent · Chandigarh
HEALTHKART
Area Sales Manager- Healthkart - Lucknow, Agra, Gwalior
Permanent · Lucknow
HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Lighting Retail Sales (Rajkot)
Permanent · Rajkot
ELECTRONICA FINANCE LTD
Area Sales Manager - Bangalore Machinery Loan
Permanent · Bengaluru
NANDANI CREATION LTD
Production Manager
Permanent · Jaipur
ELECTRONICA FINANCE LTD
Area Sales Manager - Kolhapur Machinery Loan
Permanent · Kolhapur
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Ranchi
By
Reuters
Published
Jan 12, 2021
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Abercrombie sees smaller decline in holiday-quarter sales

By
Reuters
Published
Jan 12, 2021

Apparel retailer Abercrombie & Fitch Co on Monday forecast holiday-quarter net sales to decline between 5% and 7%, as strong online demand was not enough to cushion the blow from temporary store closures and Covid-19 restrictions.


Abercrombie & Fitch


The company, which owns the Hollister apparel brand, had previously estimated net sales to decline between 5% and 10% for the quarter, with analysts expecting a 5.5% fall, according to IBES data from Refinitiv.

Abercrombie also said it expected fourth-quarter gross profit rate to be up at least 130 basis points, compared to last year’s 58.2%, as it discounted less.

Online demand for activewear and loungewear has soared since the start of the lockdowns, but in-store sales have taken a hit as a resurgence in Covid-19 cases in North America and major European markets forced governments to reintroduce certain restrictions.

Abercrombie’s shares rose about 1% to $23.34 in extended trading.

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