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Stock impact report

ABERCROMBIE & FITCH CO. PROVIDES ADDITIONAL COVID-19-RELATED BUSINESS UPDATE

Abercrombie & Fitch Company (ANF) 
Last abercrombie & fitch company earnings: 3/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: abercrombie.com/shop/us
Company Research Source: GlobeNewswire
NEW ALBANY, Ohio, April 06, 2020 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced further updates in response to the continued spread of COVID-19. The company’s online stores remain open globally, and the majority of stores in the APAC region are open. In North America and the EMEA region, stores remain closed. The current environment has resulted in significantly reduced demand, requiring fewer resources to support the business. As a result, the company is furloughing its North America and EMEA region store associates beginning April 12, during which time they will continue to receive enrolled benefits. The company will fund 100% of the health premiums for eligible associates impacted by these measures. Additionally, the company will be implementing a temporary reduction in work schedule and corresponding reduction in pay for approximately 15% of its corporate associates globally, who are not able to operate at full capacity in this current business climat Show less Read more
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