Sullivant’s Travels is a site-specific journey through the mind of a building – namely Ohio State’s newly renovated Sullivant Hall, home to the university’s dance department. World-renowned director and choreographer Stephan Koplowitz developed eleven simultaneous performance elements featuring artists from OSU’s Department of Dance, School of Music and Advanced Computing Center for the Arts and [...]
Abercrombie Sales, Profits Tumble In First Quarter
New Albany-based retailer Abercrombie and Fitch took a hit during the first quarter of the year.
Shares fell sharply this morning on the news that sales at established stores, a key indicator of a retailerâ€™s health, slid five percent in the first quarter of the year. That’s the first time in two years that sales have decreased at existing Abercrombie stores.
Abercrombie reported income of just $3 million in income in the first quarter, compared with $28 million a year earlier.
But maybe most importantly, the quarterly report lowered the sales forecast for the rest of the year.
In a statement, Abercrombie chairman and CEO Mike Jeffries pointed to what he called a challenging market in Europe, and said despite the Wednesday report executives are largely satisfied with first quarter performance.