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Fashion Jobs
TK MAXX
Tkmaxx Full-Time Loss Prevention Officer-Waltham Abbey
Permanent · London
TK MAXX
tk Maxx - Loss Prevention Officer - Full Time - Loughton
Permanent · London
TK MAXX
Tkmaxx Full-Time Loss Prevention Officer - Hackney
Permanent · London
DR. MARTENS
Financial Analyst, Apac
Permanent · TSIM SHA TSUI
SELFRIDGES
Finance Manager – Domains
Permanent · LONDON
HARVEY NICHOLS
Brand Consultant - Chloe
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · ORPINGTON
HUGO BOSS UK LTD.
Sales Executive Boss Menswear
Permanent ·
TK MAXX
Loss Prevention Officer - Permanent - tk Maxx - Milton Keynes
Permanent · Milton Keynes
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, Stratford (Westfield)
Permanent · London
UNDER ARMOUR
Stock Lead, ft (40 Hours)
Permanent · LONDON
SELFRIDGES
Finance Analyst- Domain
Permanent · LONDON
SELFRIDGES
Tech Business Analyst - Customer & Omni
Permanent · LONDON
HARVEY NICHOLS
Brand Consultant - Paul Smith
Permanent · LONDON
BURBERRY
Senior IT Operations Manager
Permanent · LONDON
BURBERRY
IT Project Manager
Permanent · LONDON
REISS
Retail Operations Coordinator-Part Time
Permanent · LONDON
REISS
Retail Operations Coordinator
Permanent · LONDON
HEAD OFFICE
Buyer, Waitrose & Partners (Level 7)
Permanent · BRACKNELL
HEAD OFFICE
Buyer, Waitrose & Partners (Level 5)
Permanent · BRACKNELL
JOHN LEWIS
General Operative – Warehouse
Permanent · DARWEN
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By
Reuters
Published
Sep 7, 2009
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Citigroup cuts Abercrombie & Fitch to sell

By
Reuters
Published
Sep 7, 2009

Sept 4 (Reuters) - Citigroup cut teen apparel retailer Abercrombie & Fitch Co (ANF.N) to "sell" from "hold," saying sales shortfalls at the company will likely lead to continued negative earnings revisions.


"ANF is experiencing deteriorating same-store sales due to problems beyond pricing and newness as ANF's proactive promotional stance during the back-to-school shopping season does not appear to be driving improved sales results," analyst Kimberly Greenberger said in a note to clients.

On Thursday 3 September, the retailer, which runs its namesake stores and the Hollister and Gilly Hicks chains, had reported a wider-than-expected August same store sales decline of 29 percent.

"We are also incrementally concerned due to August weakness in key back-to-school items, including graphic tees, knit tops, and denim, which does not bode well for second half of the year," Greenberger added.

The analyst, who cut the price target on the stock to $24 from $33, said the company also appears late compared with competitors at securing lower product costs.

Shares of the retailer were down 5 percent at $29.39 Friday (4 September) morning on the New York Stock Exchange. (Reporting by Vidya Lakshmi in Bangalore; Editing by Pradeep Kurup)

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