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Consumers Like A&F, Prada Concerned About Biz Impact from Mideast Conflict in Less Than a Week
Recommend 4 Positive 2 Negative 7 |
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Abercrombie & Fitch (ANF.US), a chain clothing store, expects the escalated conflict between Israel and Iran to exert slight pressure on sales, as it has procurement operations in the Middle East region. Meanwhile, PRADA (01913.HK) CEO Andrea Guerra mentioned during a Thursday earnings call that the future situation is uncertain, but they hope the conflict will be short-lived. Currently, the most challenging markets are Qatar, Bahrain, and Kuwait, where they have stores. Lingerie retailer Victoria's Secret (VSCO.US) reported that due to the conflict, some shipments have been delayed, and several stores in the region have to be closed. However, as of now, these delays are not expected to impose a material impact on the business, and the company does not have procurement operations in the area. AASTOCKS Financial News Website: www.aastocks.com |
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