KERRII ANDERSON, Director at Abercrombie & Fitch (NYSE:ANF), executed a substantial insider sell on March 12, according to an SEC filing.
What Happened: After conducting a thorough analysis, ANDERSON sold 3,000 shares of Abercrombie & Fitch. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total transaction value is $382,003.
As of Tuesday morning, Abercrombie & Fitch shares are down by 0.03%, currently priced at $116.5.
Unveiling the Story Behind Abercrombie & Fitch
Abercrombie & Fitch Co is a specialty retailer that sells casual clothing, personal-care products, and accessories for men, women, and children. It sells direct to consumer through its stores and websites, which include the Abercrombie & Fitch, Abercrombie kids, and Hollister brands. Most stores are in the United States, but the company does have many stores in Canada, Europe, and Asia. All stores are leased. Abercrombie ships to well over 100 countries via its websites. The company sources its merchandise from dozens of vendors that are primarily located in Asia and Central America. Abercrombie has two distribution centers in Ohio to support its North American operations. It uses third-party distributors for sales in Europe and Asia.
Abercrombie & Fitch's Economic Impact: An Analysis
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