The Ohio-based brand has said it expects full-year sales to increase by 1%, down from a previous forecast of 2%. The fashion business has cited decreasing demand for its Hollister and Gilly Hicks brands as factors for the dip.
Join our network of executives who receive the MBS News daily, as well as the insights, analysis and our weekly column in The Weekend Edition.
You’ll be able to unsubscribe at any time.