
Abercrombie & Fitch Co (ANF.N) has laid off about 50 employees at its headquarters, a spokesman said on Friday, as part of what the teen retailer called its ongoing focus on managing expenses in the recession.
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Abercrombie & Fitch Co (ANF.N) has laid off about 50 employees at its headquarters, a spokesman said on Friday, as part of what the teen retailer called its ongoing focus on managing expenses in the recession.
Many U.S. retailers may be ready to forget the recession they endured in 2008, but they are not likely to want to remember 2009 either.
Phillips-Van Heusen Corp posted lower quarterly net income on Tuesday as more promotions and advertising costs cut into profit, and the apparel maker lowered its 2008 profit and revenue forecasts.
Limited Brands Inc posted a better-than-expected 35 percent rise in adjusted quarterly earnings by controlling costs and inventory, and raised its fiscal-year earnings outlook, sending shares up 10 percent.
Calvin Klein Inc said on Tuesday it hired G-III Apparel Group Ltd to replace Kellwood Co, which had been manufacturing and distributing its better sportswear for women.