New York City Abercrombie & Fitch Co. is evaluating cost-cutting opportunities, according to a MarketWatch report.
The company is also examining its underperforming Ruehl chain, which targets an older shopper than the company's namesake and Hollister divisions, said CFO Jonathan Ramsden at a Barclays Capital conference Tuesday.
"We are looking at everything for possible cost cuts,” Ramsden said. "We need to find a way to make sure that Ruehl doesn't continue to be an open-ended drag on earnings. As we look at where we want to be in the next two or three years, clearly we have to make some not so easy decisions."
Outside of the United States, he said the company can get "significantly accretive international growth,” the report said.