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By Reuters Staff 1 Min Read (Reuters) - Apparel retailer Abercrombie & Fitch Co on Monday forecast holiday-quarter net sales to decline between 5% and 7%, as strong online demand was not enough to cushion the blow from temporary store closures and COVID-19 restrictions. The company, which owns the Hollister apparel brand, had previously estimated net sales to decline between 5% and 10% for the quarter, with analysts expecting a 5.5% fall, according to IBES data from Refinitiv. Abercrombie also said it expected fourth-quarter gross profit rate to be up at least 130 basis points, compared to la...

The Globe and Mail Abercrombie, Nova Scotia Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer The RCMP say a Nova Scotia man is facing charges of attempted murder and arson after a home was torched with people inside who were allegedly sprayed with an accelerant. Police say in a news release that when they arrived at the scene in Abercrombie, N.S., at about 9:30 p.m. Monday, the residence was f...

Electronics and phones and things like that, until december 15th. people don't get hit right before the christmas shopping season. it will cost more than $2,000 per family, which is four-times the benefit they got from the tax cut. >> we're talking all sorts of goods. clothes. things that people are buying right now. best buy, macy's, home depot, american eagle, abercrombie. these are going to be a problem for us. >> and the retail federation has argued with the president, this is going to hurt retail. it's being disrupted by the amazon effect. if you're not an retailer, you're having difficul...

Week before thanksgiving which i thought was crummy to do. but it didn't leave the chicken unattended with no notice. you have to call or do it in person or send a mariachi band or something. don't be rude. >> we've actually worked together in the past, and my recollection of that, it wasn't really a threat of you ghosting the job, the threat might be the other way of the round. the job might go steel. >> it is funny, about this topi topic. when my buddies and i worked at abercrombie, because the clothes were so expensive, we would get the discount, and then not show up afterwards. so we would...

Today, down roughly 20% since its high. has that affected folks in terms of what they are buying? as you talk to folks are they saying they are scaling back or perhaps not going really big in the jewelry store? >> as i said, this is a very tony shopping center which means it cost a lot of money to shop here. today the retail stocks have done pretty well. abercrombie did well, american eagle did well, amazon was up most of the day but sold off at the close. i think this will end up being a pretty good christmas for retailers. what comes in the future of course nobody knows but right now i think...