Latest news with #A&F
Yahoo
28-05-2025
- Business
- Yahoo
Abercrombie & Fitch (ANF) Price Target Trimmed by Raymond James Amid Tariff Concerns
Raymond James analyst Rick Patel updated his price target for Abercrombie & Fitch Co. (NYSE:ANF) from $110 to $90 on May 27 while maintaining an Outperform rating on the company's shares. Given the noted flaws in the A&F brand and the expected effects of tariffs, the change represents a cautious approach. Patel's investigation encompassed several variables, including weekly online advertising, Google Trends, and data from mobile apps. According to the results, the A&F brand saw a decrease in most checks quarter-over-quarter, although promotions rose in Q1. On the other hand, Abercrombie & Fitch's Hollister brand performed better in the majority of tests. Abercrombie & Fitch Co. (NYSE:ANF) is expected to encounter substantial tariff headwinds, estimated at about 200 basis points annually, the analyst said. Patel expressed little confidence in ANF's ability to raise prices successfully due to its younger customer base, despite the company's expected use of mitigation strategies similar to those employed by other Softlines companies. With that said, the analyst concluded that the stock price already appears to reflect a significant portion of the unfavorable news. Long-term growth and margin expansion levers are still available, Patel said. While we acknowledge the potential of ANF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ANF and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mirror
12-05-2025
- Entertainment
- Daily Mirror
‘My most-complimented comfortable and flattering holiday dress now has 20% off'
My Abercrombie and Fitch maxi dress was one of my most-complimented holiday outfits, and it's now been slashed by 20% in the brand's summer sale There's nothing better than the excitement of packing for a holiday, and only the best outfits will do. Even if you're a chronic 'just in case' overpacker like me, there are certain pieces that you know you'll wear again and again, and feel fab every time. For me, that one piece was Abercrombie & Fitch's Strapless Drop-Waist Maxi Dress, which from the moment I tried it on I knew would be sticking around in my wardrobe for many years to come. The dress is the perfect combination of sophisticated and timeless, whilst still being versatile and easy to style – not to mention comfortable and flattering to wear. It's usually priced at £90, but for a limited time, A&F has slashed the price to £74.99, saving you just under 20% on its usual price. I wore the maxi dress in the baking Arizona heat, and although it has a structured fit, it never felt too heavy or constrictive so I didn't overheat or feel uncomfortable. It has a structured strapless bodice, with a drop waist design that's universally flattering on all body types. The maxi length hemline was just right on my 5ft 4' frame, and it had a very on-trend bubble skirt that had plenty of volume without being too heavy. Oh, and did I mention it has pockets?! It's made from poplin material which holds its shape nicely and doesn't crease very much, making it ideal for packing in a suitcase. The cotton fabric and lining are both super breathable too, so there was limited sweating even in almost 40 degree heat. If you do want something lighter and more stretchy, Next's Bandeau Jersey Woven Mix Midi Dress is £36 and comes in three colours, including a navy and white design similar to my beloved Abercrombie dress. Meanwhile the 4th & Reckless Bandeau Contrast Drop Waist Maxi Dress in Black and Cream, £55, is another great option that has a soft stretchy bandeau bodice and flowy maxi skirt. We also love the Amy Lynn Alexa Shoulder Tie Puffball Midi Dress in Navy if you prefer a block colour and strappy design. It's now on sale for £77, down from £110. Although I'm usually hesitant about strapless designs, there were small rubber strips around the top of the A&F Strapless Drop-Waist Maxi Dress which held it perfectly in place, and there was absolutely zero slipping even though I wore it for hours on end. If you're not a strapless kind of person don't worry – it also comes with a packet of adjustable straps that can be hooked on, so you can get some extra support or simply change up the look of the dress. The bodice even had soft boning in, which helps give extra support as well as smoothing over your stomach. My only gripe was the boning did slightly rub underneath my arms after a few hours, with the combination of heat and the placement making them a little awkward. However the back is also fully smocked and shirred, giving plenty of stretch and letting you move freely which made up for the slight digging in. The A&F Strapless Drop-Waist Maxi Dress comes in sizes XS to XL, with petite, regular and tall lengths available. If the black and white design isn't for you, you can also pick it up in a green and white abstract print that screams holiday.
Sky News
11-04-2025
- Sky News
Ex-Abercrombie & Fitch chief executive Mike Jeffries 'unfit to stand trial due to dementia', prosecutors and defence team say
Abercrombie & Fitch's former chief executive is not fit to stand trial on sex trafficking charges as he is suffering from dementia, both prosecutors and his lawyers have said. Mike Jeffries has Alzheimer's disease, Lewy body dementia and the "residual effects of a traumatic brain injury", his defence attorneys wrote in a letter filed at a federal court in Central Islip, New York. The 80-year-old needs around-the-clock care, they added, citing evaluations by medical professionals. Prosecutors and defence lawyers are calling for Jeffries to be placed in the custody of the federal bureau of prisons for up to four months. They say he should be admitted to hospital to have treatment that could allow his criminal case to proceed. The business tycoon, who led fashion retailer A&F from 1992 to 2014, pleaded not guilty to federal sex trafficking and interstate prostitution charges in October, and was released on a $10m (£7.65m) bond. A total of 15 men allege they were induced by "force, fraud and coercion" to engage in drug-fuelled sex parties. Prosecutors have accused Jeffries, his partner Matthew Smith, and the couple's alleged "recruiter" James Jacobson, of luring men to parties in New York City, the Hamptons and other locations, by dangling the prospect of modelling for A&F advertisements. Smith and Jacobson have also pleaded not guilty to the charges against them. 'Progressive and incurable' In their latest letter on Jeffries' health, his defence lawyers said at least four medical professionals had concluded his cognitive issues are "progressive and incurable", and that he will not "regain his competency and cannot be restored to competency in the future". These issues "significantly impair" his ability to understand the charges against him, they wrote. "The progressive nature of his neurocognitive disorder ensures continued decline over time, further diminishing his already limited functional capacity," said Dr Alexander Bardey, a forensic psychiatrist, and Dr Cheryl Paradis, a forensic psychologist, following evaluations made in December. "It is, therefore, our professional opinion, within a reasonable degree of psychological and psychiatric certainty, that Mr Jeffries is not competent to proceed in the current case and cannot be restored to competency in the future." Jeffries left A&F in 2014 after leading the company for more than two decades, taking the retailer from a hunting and outdoor goods store founded in 1892 to a fixture of early 2000s fashion.
Yahoo
11-04-2025
- Yahoo
Ex-Abercrombie & Fitch chief executive Mike Jeffries 'unfit to stand trial due to dementia', prosecutors and defence team say
Abercrombie & Fitch's former chief executive is not fit to stand trial on sex trafficking charges as he is suffering from dementia, both prosecutors and his lawyers have said. Mike Jeffries has Alzheimer's disease, Lewy body dementia and the "residual effects of a traumatic brain injury", his defence attorneys wrote in a letter filed at a federal court in Central Islip, New York. The 80-year-old needs around-the-clock care, they added, citing evaluations by medical professionals. Prosecutors and defence lawyers are calling for Jeffries to be placed in the custody of the federal bureau of prisons for up to four months. They say he should be admitted to hospital to have treatment that could allow his criminal case to proceed. The business tycoon, who led fashion retailer A&F from 1992 to 2014, pleaded not guilty to federal sex trafficking and interstate prostitution charges in October, and was released on a $10m (£7.65m) bond. A total of 15 men allege they were induced by "force, fraud and coercion" to engage in drug-fuelled sex parties. Prosecutors have accused Jeffries, his partner Matthew Smith, and the couple's alleged "recruiter" James Jacobson, of luring men to parties in New York City, the Hamptons and other locations, by dangling the prospect of modelling for A&F advertisements. Smith and Jacobson have also pleaded not guilty to the charges against them. 'Progressive and incurable' In their latest letter on Jeffries' health, his defence lawyers said at least four medical professionals had concluded his cognitive issues are "progressive and incurable", and that he will not "regain his competency and cannot be restored to competency in the future". These issues "significantly impair" his ability to understand the charges against him, they wrote. Read more from Sky News: "The progressive nature of his neurocognitive disorder ensures continued decline over time, further diminishing his already limited functional capacity," said Dr Alexander Bardey, a forensic psychiatrist, and Dr Cheryl Paradis, a forensic psychologist, following evaluations made in December. "It is, therefore, our professional opinion, within a reasonable degree of psychological and psychiatric certainty, that Mr Jeffries is not competent to proceed in the current case and cannot be restored to competency in the future." Jeffries left A&F in 2014 after leading the company for more than two decades, taking the retailer from a hunting and outdoor goods store founded in 1892 to a fixture of early 2000s fashion. His lawyers did not immediately respond to requests by the Associated Press news agency for comment. The US attorney's office for the eastern district of New York declined to comment.
Yahoo
01-04-2025
- Business
- Yahoo
State using interest income to pay down $105 million in debt
BOSTON (SHNS) – State finance officials are taking advantage of a new law and a quarter of the interest generated by the state's bulging Stabilization Fund last year to pay off $105 million of the state's debt. Administration and Finance Secretary Matthew Gorzkowicz alerted the House and Senate clerks last Monday that his office 'intends to make an expenditure in the amount of approximately $105,000,000 in funds from the Commonwealth Federal Matching and Debt Reduction Fund (the 'Fund') to retire eligible outstanding Commonwealth General Obligation Bonds, which is within the authorized use of the Fund.' He noted that the expenditure does not require further legislative involvement. As of Jan. 31, Massachusetts had $28.5 billion in general obligation bonds outstanding, according to a new financial report published last week. Almost all of that debt — $28.2 billion or 99.1% — was fixed-rate debt while just $256 million or 0.9% carried a variable rate. A law Gov. Maura Healey signed in September lets her administration leverage up to $750 million in Stabilization Fund interest for grant-matching purposes through November 2026, as well as to pay down state debt. Fiscal year 2024's interest earnings contributed $420.8 million to that new fund, a state financial report confirmed in February. Gorzkowicz said when Healey signed the law that its debt reduction power was 'not something we're looking at now,' but the state is now poised to use it for a second time. The secretary's March 24 letter to the clerks served as the required 30-day notice to the Legislature before an expenditure from the fund, an A&F spokesman said. The administration submitted a similar notice dated Feb. 10 before using $96.5 million from the fund to pay off the MBTA's outstanding legacy debt, a move that Healey announced in January as part of her transportation package. Between the two expenditures, the state will have pulled $201.5 million from the Stabilization Fund interest pool to reduce its debt burden. Meanwhile, A&F spokesman Matthew Murphy said the administration has identified $307.8 million in 'match commitments from the fund,' made in connection to applications seeking more than $2.4 billion in potential federal grant dollars. Some awards have been approved and some remain pending, he said. Gorzkowicz said in February that the Healey administration has 'used those funds for aggressively pursuing federal funds,' and told the Comptroller Advisory Board that the state is 'utilizing that towards a lot of good matching of federal funds.' The new fund has allowed for a $40 million state commitment toward a $400 million federal grant for the Northeast Microelectronics Coalition Hub run by MassTech, an $18.4 million state match commitment to leverage $24.4 million in federal dollars for infrastructure work at the Port of New Bedford, and a $2.5 million match for a $10.2 million federal Safe Streets for All grant through the Department of Transportation, among other projects, Murphy said. The state's recent debt reduction efforts are just some of the moving parts that Gorzkowicz and others monitor as the state attempts to stretch the resources available to it as far as possible while bracing for a potential slowdown in federal government support and warning that Beacon Hill will not be able to fill all the gaps. Reducing the state's overall debt liability will, in turn, free up money for the operating budget, Murphy said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
