Abercrombie Tumbles as Holidays Fail to Deliver for Mall Stores

Photographer: Shelby Knowles/Bloomberg Abercrombie & Fitch Co. shares sank after holiday sales disappointed investors, helping spark a selloff in retail stocks. The New Albany, Ohio-based company didn’t raise its outlook and now expects fourth-quarter sales growth of around 5%, the mid-point of its prior range. Most Read from Bloomberg The update came ahead of the ICR Conference taking place this week in Orlando. Other mall-based retailers, including American Eagle Outfitters Inc. and Urban Outfitter ...