Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.
There is trouble at the mall. Thursday morning, Abercrombie & Fitch reported a 10-per-cent drop in comparable sales. Next door at rival American Eagle Outfitters Inc. they fell 7 per cent. In the background, big anchor stores like J.C. Penney Co. Inc. and Sears Holdings Corp. continue to struggle mightily.Report Typo/Error