Abercrombie & Fitch

I have no idea what that means.

It's getting popped Abercrombie collar, but-

Oh.

You know what I mean?

There was almost, like, the almost getting things that were cool.

Like, the coolest thing I ever did was Abercrombie, but that came in college, and that still I feel like is the coolest thing I've ever done.

[laughs]

For sure.

... always be popular.

Remember, before he even got that belt, the dude was a Abercrombie & Fitch model.

He's the only dude in boxing to ever be sponsored by GMC.

Like, he's the only dude in boxing to ever be sponsored by Gatorade.

And when they're really at their best, like most of them are kind of faddish, that's when you really, really don't want to own it because the whole world knows about it and it's not going to last forever.

That said, you know, we actually recommended ANF, Abercrombie & Fitch.

Did you?

Yeah.

And when they're really at their best, like most of them are kind of faddish, that's when you really, really don't want to own it because the whole world knows about it and it's not going to last forever.

That said, you know, we actually recommended ANF, Abercrombie & Fitch.

Did you?

Yeah.

about this if I can, because I, I, I am a recovering retail hater myself.

And, um, I'm going to tell you about the retailer.

We recommend it or as much as I can say in a minute, but, um, When I hear Abercrombie, I think mid to late 90s, I think shopping mall.

And then there were some controversies about the models they were using back in the day.

And going to be really good quality and really well-made.

And so for me, jeans are, you know, you both know, are sort of my primary... staple i suppose of my of my the the anchor of my my fashion statements on a daily basis um so i just you know i maybe maybe a hundred bucks maybe maybe But, I mean, I'm just kind of like a, I was a Levi's guy, and now I'm an Abercrombie Dunham guy, because what I will tell you about Abercrombie is that they have figured out how to make a baggy pair of jeans that shapes your ass and makes it look good.

Oh.

Okay.

Well, you know, I would wear a jock or a thong or something out in public, but unfortunately.

But, you

know, just for anyone out there who has a little bit of cake, Abercrombie.

Interesting.

And you came with us a lot too, I think.

And I would get stuff like Abercrombie and Fitch jeans and like sweaters and like cool stuff.

And then I'd want to wear them, but it was still hot.

Yes, that's exactly right.

The breaking point here, and what we see in a lot of stocks is demand destruction, okay? Not everywhere.

I, I mean, people are still buying their Abercrombie & Fitch clothes, but are, you know, uh, are they buying houses, right? Well, it looks like they're buying houses-- uh, not buying houses and going out to restaurants.

I mean, the demand destruction that's coming from higher inflation cannot be ignored.

And if the Fed doesn't have the ammunition to lower rates, you're looking at a prolonged decline.

Tell me the first time you ever made a dollar that was exciting or shocking or surprising to you.

You know, my first job was actually working at Abercrombie & Fitch at our local mall in the South Shore of Massachusetts.

And I got to tell you, it was so exciting to me because I remember my dad telling me, you cannot have a car.

I will not buy you a car until I see that you have a job application.