NYSE:ANFSpecialty Retail
Hollister Pricing Lawsuit Tests Abercrombie Valuation Gap And Brand Trust
A California federal judge has allowed a class action deceptive pricing lawsuit against Abercrombie & Fitch's Hollister brand to move forward.
The ruling denies Abercrombie & Fitch's motions to dismiss the case or compel arbitration, keeping the claims in open court.
Plaintiffs allege Hollister used fake reference prices online to create the appearance of discounts for shoppers.
The ruling puts NYSE:ANF and its Hollister brand under closer legal and public scrutiny at a time when the...