Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals
Retail TouchPoints
MAY 29, 2020
The company entered 2020 with $850 million in cash reserves, and has plans to save $500 million in operating expenses, capital expenditures and working capital during fiscal 2020. In 2019, our off-price and e-Commerce businesses accounted for nearly 60% of sales. Abercrombie has a similarly positive outlook despite its troubles.
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