To the dismay of the Abercrombie & Fitch empire, teenagers whose parents have cut back on their allowances may be coming to a recessionary revelation: Paying $90 for torn jeans isn’t that cool anymore.
While other retailers are responding to the downturn with red-lined price tags and tempting promotions, upscale Abercrombie & Fitch (ANF) isn’t budging on its price points. This scarf, for example, will still cost you $58. The company is fiercely protecting its image as a “premium” brand, and, as a result, it’s getting snubbed big time by its once cultlike, ever-loyal fan base. Abercrombie & Fitch just posted a 34 percent drop in same-store sales from last year—the worst among retailers in March.
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside.
If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.