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.
Not a member yet?Sign up now for a free account
|FCC to Marriott and other hotels: Never try to block Wi-Fi again|
|Apple just posted the best quarter in corporate history|
|Warning sign: Stocks take nosedive|
|I have a fiancé, a girlfriend and two boyfriends|
|When Silicon Valley takes LSD|