Abercrombie Experiences Robust Holiday Season, Raises Sales Outlook

Abercrombie & Fitch Co. (ANF) has provided a positive business update, thanks to a robust performance during the holiday season. The company witnessed record fourth quarter-to-date net sales, ahead of management’s expectations issued in November. Net sales growth was driven by comparable sales (comps) across regions and brands during the holiday selling period. This is backed by the continued positive response to its exciting product assortments and engaging marketing.Driven by a stellar holiday performance ...