Abercrombie & Fitch: The Fall of an Empire

Like an overweight 40-year old trying to get back to the body he had in his 20s, Abercrombie & Fitch (ANF) is trying–and failing–to recapture its former success. Getty Images Abercrombie reported a fourth-quarter profit of $1.15 a share, beating forecasts for $1.14, on sales of $1.12 billion, missing the Street consensus for $1.17 billion. Same-store sales [...]