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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jul 02, 2000

Page

22

Abercrombie & Fitch eyes new look and rapid expansion

Analysts say Abercrombie & Fitch must update its look as brand strength remains strong yet sales growth may slow. The company plans about 50 stores targeting college students and 45 for children this year, plus five Hollister Co. openings this summer with potential 600 to 800 Hollister locations in time. Analysts warn the brand needs fresh styles to keep customers returning.

Abercrombie & Fitch Jeffries Abercrombie Mass Lawrence Hollister Co Hollister Brian Tunick Bear Stearns Seth Pack Mount Vernon Ohio Pack

Market sees second half as sector churning amid mixed results

Investors expect continued sector rotation as tech rebounds and old economy shares retreat. Nasdaq rises 2.3 percent on heavy volume while Dow utilities fall 2.5 percent and REITs tumble. Foreign markets weaken after strong 1999 gains. Europe mixed. US markets inch toward a light trading week ahead of the July 4 holiday.

U.S Japan South Korea Europe

Mutual funds face a rough second quarter in 2000

Mutual funds overall fell in the second quarter as tech stocks slumped after a late-year rally. Health biotech, real estate, and natural resources were among the few gainers while diversified and small growth funds lagged, with world equity funds broadly punished except for Canadian funds.

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Also Mentioned on This Page

Abercrombie.com Abercombiekids.com Tional Federal Reserve Fed Mutual Fund Review Dunstan Prial The Associated Press and SS Orient Waroal
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