Nothing in Yahoo "news" about it.
Abercrombie and Fitch said it would close 40 to 50 stores in the US this year (2013) as the youth fashion retailer's shares tumbled follwing a weak sales in the crucial Christmas quarter.
" Our Profitability is not where it needs to be," said Mike Jefferies, chief executive, on an earnings call with analysts, highlighting " a challenging US retail environment over the holiday period."
"It is unknown how the customer will respond to the economic situation," said Oliver Chen, analyst at Citi Investment Research. "The impact of the increased payroll tax, elevated gas prices and continued macroeconomic uncertainty all led to weaker guidance."
Not a word anything negative about the economy or our POS presisent from biased Yahoo "news". Obama makes a big fat lie about cutting spending $2.7 trillion and yahoo "news" didn't have the balls to nail him on it. Do you think they would have been that nice to Bush?
That $800 billion stimulus did nothing but line the pockets of union and teacher union retirment funds. (which were depleted from donating to democrats over the years). Money also went to Obama supporters and failed energy firms like Solyndra and a dozen others just like it which went bankrupt. No news at yahoo is posted that could make Obama look bad. Yahoo is not growing opportunity to increase revenue. Other yahoo areas lack content and are outdated. What is Yahoo doing with all the money?