Consumer sales are flatlining, but UBS says it will drive a revival of brick-and-mortar stores as shoppers want to ‘try before they buy' [Yahoo! Finance Canada]
Abercrombie & Fitch Company (ANF)
Last abercrombie & fitch company earnings: 3/4 07:30 am
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Source: Yahoo! Finance Canada
Through a thousand-person survey of consumers in the U.S., the bank found that the percentage of people shopping online for things like clothing and apparel fell 3% year-over-year and was down compared to each of the last four years. The survey results are a stark change from the common belief, and the bank's own previous estimate, that online sales would continue to take market share from clothing and apparel retailers that primarily sell their products at physical stores. Now, the bank is changing its tune. In a Thursday note, UBS analysts claimed that slowing online sales could be a boon for retailers that primarily sell in brick and mortar stores. “The market continues to see online migration as a potentially major disruptive force to Softline companies since most of them derive a majority of their sales from brick & mortar stores. We think slowing online sales growth rates over the [next 12 months] will change this narrative,” the analysts wrote. ADVERTISEMENT The about-
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ANF
Earnings
- 8/28/24 - Beat
ANF
Sec Filings
- 9/10/24 - Form 4
- 9/9/24 - Form 4
- 9/6/24 - Form 10-Q
- ANF's page on the SEC website