This is turning out to be a cruel summer for teen retailers, with Abercombie & Fitch (NYSE:ANF) the latest to report very disappointing results and weak guidance. With the A-list retailers all struggling (ANF, American Eagle (NYSE:AEO), and Aeropostale (NYSE:ARO)),
it's pretty clear that traffic and promotions are having a seriously
adverse impact on many retailers. While the results from companies like Urban Outfitters (Nasdaq:URBN) and Buckle (NYSE:BKE)
say that it's not a wholesale wipe-out in the sector, it's pretty clear
that Abercrombie & Fitch continues to face some serious challenges
in turning around its comps.
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