Teen retailer Abercrombie & Fitch reported Wednesday that net income in the second quarter dropped 52 percent to $15.5 million, compared with $32 million last year. The chain also announced it is cutting its 2012 earnings guidance and will open fewer international Hollister stores in the fiscal year than initially planned.
Teen retailer Abercrombie & Fitch reported Wednesday that net income in the second quarter dropped 52 percent to $15.5 million, compared with $32 million last year. The chain also announced it is cutting its 2012 earnings guidance and will open fewer international Hollister stores in the fiscal year than initially planned.
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