Shares of Abercrombie & Fitch (ANF) were being dissed by investors Thursday after the teen retailer issued disappointing guidance for its second quarter.
The company blamed challenging "macroeconomic conditions" for an expected slowdown in sales growth. Abercrombie, once considered a must-have by trendy teens, has had a rough time since last year. No one is suggesting that last November's lawsuit by Mike "The Situation" Sorrentino of MTV's "Jersey Shore" is to blame, but the retailer has yet to snag a high profile spokesperson.
StockTwits users seem to think Abercrombie has passed its peak.
Just like high school, if you're not part of the cool crowd, you'll quickly find yourself outside the pack.
Abercrombie is blaming Europe's problems, which has some merit, given that the debt crisis there is looking like it will get worse before it gets better. But it's also not the only retailer bucking up against that challenge.>
And much like your stock portfolio, being a diversified retailer offers a buffer.
|Airlander 10, the world's largest aircraft, crash lands after 2nd test flight|
|Southwest Airline pilots take to picket lines|
|Premarkets: 4 things to know before the open|
|Pokemon Go-playing truck driver kills woman in Japan August 24|
|Yankees willing to pay for drug rehab that Doc Gooden says he doesn't need|