Abercrombie and Fitch promotion

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 18, 2009 -- Abercrombie and Fitch is likely to continue to see a weakening in its sales at stores open at least a year, Citi Investment Research analyst Kimberly Greenberger said on Sept. 4 as she downgraded the apparel retailer.
"We believe that Abercrombie Fitch will continue to experience deteriorating same-store sales due to problems beyond pricing and newness as Abercrombie & Fitch's proactive promotional stance during back-to-school shopping season is not supporting improved sales productivity," Greenberger wrote in a client note.

The analyst anticipates that the sales misses will probably lead the New Albany, Ohio-based company to continue to lower its earnings per share forecasts. Greenberger also cut her share price target to $24 from $33.
Some of the shirts drawing criticism include one with a picture of a young girl opening her blouse and exposing herself with the saying "Show the Twins." Another shirt shows a female running nude, stating "Female streaking encouraged," while another reads "Female Students Wanted for Sexual Research."
from http://www.styleholder.com