Shares of Abercrombie & Fitch Plunge 15% Following CEO’s Warning of Uncertain Market Conditions
Abercrombie & Fitch experienced a significant decline in its stock price, dropping by 15% after the company’s CEO, Fran Horowitz, raised concerns about the challenging and unpredictable market environment. This drop came after the retailer reported its second-quarter earnings for 2024, which, despite some positive aspects, highlighted the difficulties the brand is facing in navigating […]