Abercrombie & Fitch is facing a terrifying reality about its most loyal customers
The foreign tourists who line up at Abercrombie & Fitch are increasingly nervous about spending money — and that could hurt the brand's turnaround.
The euro's value against the dollar has declined steadily in recent years, which means that European tourists aren't shopping as much, Eric Beder, analyst at Wunderlich Securities, wrote in a recent note to clients.
"With [foreign exchange] still a key issue, and tourist traffic remaining a negative, we continue t
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