Investors are grappling with the potential seismic shift in the retail landscape. After two years of robust growth at Abercrombie & Fitch (ANF), shares plunged on Wednesday after the company posted weaker-than-expected 2025 guidance partially due to tariffs' impact on freight costs and consumer spending.

Abercrombie & Fitch Co.’s stock fell 16% on Wednesday to its lowest levels since 2023, after the retailer issued a first-quarter profit warning due partly to higher inventory levels and slower sales over the winter.

Shares of apparel retailer Abercrombie & Fitch ( ANF -11.70%) plunged on Wednesday after it reported financial results for the fourth quarter of 2024. As of noon ET, Abercrombie stock was down 14% for the day and down nearly 60% from its 52-week high.