Abercrombie, American Eagle down as apparel retailers forecast subdued sales

GAP

12/01/2026 16:16

Updates

** Abercrombie & Fitch  ANF.N shares down about 17%, American Eagle Outfitters AEO.N shares down about 8%

** ANF, AEO and other apparel retailers signal a softer holiday quarter as budget-conscious shoppers pull back on discretionary spending

** "The theme of value-seeking behavior was on full display in this morning's slew of retail preannouncements," says Michael Gunther, analyst at Consumer Edge

** ANF tempers annual net sales, profit growth forecast

** Now expects net sales to grow at least 6% vs its previous forecast of rise between 6% and 7%

** ANF set for its worst day since May 24, 2022, if losses last

** AEO maintains Q4 comparable sales in the range of 8% to 9%

     ** Shares of other apparel retailers down: Under Armour UAA.N down about 2%, Gap GAP.N and VF Corp VFC.N down about 3%

** Shares of department store chain Macy's  fell 6.7%; discount retailer Five Below FIVE.O down about 1%

** ANF down ~16%, AEO up ~58% in 2025

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))