Thursday, May 26, 2016

Two Things That Could Be Viewed as a Win

May 26, 2016
TheStreet: Should Investors Fret Over Abercrombie & Fitch's Stock Dip on Earnings Miss?

But Abercrombie's news wasn't all bad.

Same-store sales at California lifestyle-inspired Hollister were unchanged from the prior year, which could be viewed as a win for the value-oriented clothing chain, since same-store sales at Gap's (GPS) mostly U.S.-based Old Navy chain fell 6% in the quarter.

Although the stock is currently down 18% on the news, at least one portion of their business managed to eke out flat same-store sales.

Although it took 13 minutes to park, at least the driver was ultimately successful.

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