A&F, Bath & Body Works Can't Use Macro Backdrop as an Excuse -- Market Talk

Dow Jones

Oct 07

1201 ET - Consumer spending has remained strong, particularly in apparel and footwear, meaning retailers can't use the macroeconomic environment as an excuse, say JPMorgan analysts, who downgrade Abercrombie & Fitch and Bath & Body Works to neutral. "We see the current macro landscape conducive to execution of fundamentals with selective consumer behavior based on product improvement and value perception separating winners versus losers across retail," the analysts say. Abercrombie & Fitch saw a deterioration in demand in September, with promotional activity earlier in the year leading to a hangover effect that constrained conversion rates and pricing, while Bath & Body Works is seeing softer-than-expected sales across recent product launches, the analysts say. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

October 06, 2025 12:01 ET (16:01 GMT)

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Abercrombie &amp; Fitch saw a deterioration in demand in September, with promotional activity earlier in the year leading to a hangover effect that constrained conversion rates and pricing, while Bath &amp; Body Works is seeing softer-than-expected sales across recent product launches, the analysts say. (nicholas.miller@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 06, 2025 12:01 ET (16:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A&F, Bath & Body Works Can't Use Macro Backdrop as an Excuse -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA&F, Bath & Body Works Can't Use Macro Backdrop as an Excuse -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-07 00:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1201 ET - Consumer spending has remained strong, particularly in apparel and footwear, meaning retailers can't use the macroeconomic environment as an excuse, say JPMorgan analysts, who downgrade Abercrombie &amp; Fitch and Bath &amp; Body Works to neutral. \"We see the current macro landscape conducive to execution of fundamentals with selective consumer behavior based on product improvement and value perception separating winners versus losers across retail,\" the analysts say. Abercrombie &amp; Fitch saw a deterioration in demand in September, with promotional activity earlier in the year leading to a hangover effect that constrained conversion rates and pricing, while Bath &amp; Body Works is seeing softer-than-expected sales across recent product launches, the analysts say. (nicholas.miller@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 06, 2025 12:01 ET (16:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4094","symbol_name":"服装零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2573660990","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573660990","pubTimestamp":1759766460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1201 ET - Consumer spending has remained strong, particularly in apparel and footwear, meaning retailers can't use the macroeconomic environment as an excuse, say JPMorgan analysts, who downgrade Abercrombie & Fitch and Bath & Body Works to neutral. \"We see the current macro landscape conducive to execution of fundamentals with selective consumer behavior based on product improvement and value perception separating winners versus losers across retail,\" the analysts say. Abercrombie & Fitch saw a deterioration in demand in September, with promotional activity earlier in the year leading to a hangover effect that constrained conversion rates and pricing, while Bath & Body Works is seeing softer-than-expected sales across recent product launches, the analysts say. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4094":"服装零售","BBWI":"Bath & Body Works Inc.","BK4551":"寇图资本持仓","BK4200":"专卖店","BK4588":"碎股","BK4585":"ETF&股票定投概念","ANF":"爱芬奇"},"translate_title":"A&F、Bath&Body Works不能以宏观背景为借口——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANF":0.9,"BBWI":0.9},"content_text":"1201 ET - Consumer spending has remained strong, particularly in apparel and footwear, meaning retailers can't use the macroeconomic environment as an excuse, say JPMorgan analysts, who downgrade Abercrombie & Fitch and Bath & Body Works to neutral. \"We see the current macro landscape conducive to execution of fundamentals with selective consumer behavior based on product improvement and value perception separating winners versus losers across retail,\" the analysts say. Abercrombie & Fitch saw a deterioration in demand in September, with promotional activity earlier in the year leading to a hangover effect that constrained conversion rates and pricing, while Bath & Body Works is seeing softer-than-expected sales across recent product launches, the analysts say. (nicholas.miller@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 06, 2025 12:01 ET (16:01 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}