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Abercrombie & Fitch

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Target, Macy's and Others Sue Visa and MasterCard Over Fees

Some of the country's biggest retailers sued Visa Inc. (V) and MasterCard Inc. (MA) Thursday, arguing the world's largest payment networks have imposed anticompetitive transaction-fee policies and card-acceptance rules on merchants.The lawsuit, brought by Target Corp. (TGT), Macy's Inc. (M), Saks Inc. (SKS), Kohl's Corp. (KSS) and other merchants, claims existing efforts to "curb the exercise of market power by" Visa and MasterCard have failed to provide sufficient relief to retailers who accept their credit and debit cards.The merchants said they have opted out of a pending settlement in separate class-action litigation against Visa, MasterCard and several large banks that issue the payment networks' cards. That deal, which could deliver up to $7.25 billion to nearly 8 million merchants if approved, has rattled some retailers and trade groups who argue it won't prevent transaction fees from rising.The retailers involved in Thursday's suit, which also include Office Depot Inc. (ODP), J...

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  1. Aeropostale Swings to 4th-Quarter Loss, Projects 1st-Quarter Loss

    Aeropostale swung to fourth-quarter loss.-The company guided for first-quarter earnings well below Wall Street estimates.-The company cited macroeconomic environment...

  2. American Eagle Outfitters Blames Weather, Macro Issues for Weak View

    American Eagle Outfitters Inc. (AEO) became the latest retailer to blame the cold weather and macroeconomic environment for a slow start to the year, as it issued a ...

  3. American Eagle Outlook Disappoints

    American Eagle Outfitters Inc reported a higher profit for the holiday quarter, helped by fewer markdowns, but the teen clothing retailer gave a weak sales forecast,...

  4. American Eagle Outfitters 4th-Quarter Profit Rises 85%; Offers Soft Guidance

    American Eagle Outfitters Inc.'s (AEO) fiscal fourth-quarter earnings jumped 85% as the teen retailer reported higher revenue, though a weak start to the year sent s...

  5. Abercrombie holiday sales down, gives soft forecast

    Abercrombie & Fitch Co on Friday reported a drop in comparable sales during the holiday quarter on weakness at its overseas stores and in its Hollister chain, and th...

  6. Market Wrap for Friday, February 22: Stocks Rally to Close Out Week

    The stock market closed out the week in strong fashion on Friday after falling on Wednesday and Thursday.It was a quiet day on the news front and volume was light. A...

  7. Abercrombie , Nordstrom Hurt By Disappointing Views

    Teen retailer Abercrombie & Fitch Co.'s shares fell 1.7% on Friday after it offered a disappointing full-year outlook. The company, however, reported a better-than-e...

  8. Abercrombie & Fitch Drops On Outlook

    Abercrombie & Fitch Co. shares dropped 2% in premarket trading on Friday after the teen retailer gave a disappointing full-year outlook. It sees profit of $3.35 to $...

  9. A&F's 4Q Beat Offset by Tepid '13 View

    Abercrombie & Fitch (NYSE:ANF) beat the Street on Friday with soaring fourth-quarter profits, but the teen apparel maker issued a cautious outlook and disclosed plan...

  10. WEEK AHEAD: Dell, AIG, Wal-Mart to Report Quarterly Results

    Fourth-quarter earnings reports will continue at a brisk pace next week, with many big and notable companies including Dell Inc. (DELL), Wal-Mart Stores Inc. (WMT) a...

  11. Aeropostale Expands Brand to Mexico

    Aeropostale Inc. (ARO) is the latest teen retailer to head south of the border, announcing at the ICR XChange conference Thursday that it has struck a deal to bring ...

  12. Li & Fung: Bought Lornamead Acquisitions for US$190 Million

    Hong Kong-based middleman Li & Fung Ltd. (0494.HK) Tuesday said it has bought Lornamead Acquisitions Ltd., a personal care brands marketer, for US$190 million, in it...

  1. Gap willing to sign Bangladesh safety accord, if tweaked

    Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment in...

  2. WEEK AHEAD: Home Depot, Lowe's, Best Buy, Housing Data in Spotlight

    Retailers will be the dominant sector on next week's earnings calendar, with many big names in the space reporting.Also, some housing data should provide clues about...

  3. Abercrombie Agrees to Sign Bangladesh Accord

    Abercrombie & Fitch (NYSE:ANF) verbally agreed this week to sign the Bangladesh fire and building safety accord to improve worker conditions in the world's second-la...

  4. Abercrombie & Fitch CEO's Big, Fat Marketing Mistake?

    Recently, Abercrombie & Fitch CEO Mark Jeffries said that his company was only for the “cool kids” – and not for “fat people.”  Entrepreneur.com asks -- emotions aside -- whether this could actually be a smart marketing campaign.

  5. Sell in May and Go Away — No Way!

    You've probably heard the old adage: "Sell in May and go away." It's a nice little rhyme, and it does have a basis in the market's seasonal patterns. Historically, t...

  6. Mother Nature Freezing Retailers' Growth?

    With economic turmoil once again erupting in Europe, debt headaches in the U.S. and consumer confidence falling a worse-than-expected amount on Tuesday, a recent wav...

  7. American Eagle Outfitters Gets Cheeky With 'Skinny Skinny Jeans' Campaign

    American Eagle Outfitters Inc. (AEO) is suggesting skinny jeans should be just a bit, well, skinnier.In a tongue-in-cheek online campaign for spray-on "skinny skinny...

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