general β€’ CNBC β€’ 7 months ago

Abercrombie shares soar 18% on Hollister growth, strong earnings beat - CNBC

Abercrombie shares soar 18% on Hollister growth, strong earnings beat - CNBC

Abercrombie & Fitch's namesake banner is slowing down, but revenue is ramping up at Hollister, its teen-focused brand.

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While Abercrombie & Fitch’s executives toast to soaring shares, the workers who keep their stores running see none of this wealth. This surge in profits amid a backdrop of squeezing sales from underpaid, overworked retail employees is capitalist exploitation at its finest. It's high time profits were redistributed to those who actually fuel the company's success rather than lining the pockets of the elite.

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