Abercrombie & Fitch raises annual sales growth target as trendy styles drive demand – ET Retail
Abercrombie & Fitch raised annual sales growth forecast and beat first-quarter estimates on Wednesday, expecting new and on-trend apparel and accessories to drive demand at its Hollister and namesake brands, sending its shares up about 13%. Refreshing styles in low-rise baggy pants and wide-leg jeans to appeal to picky shoppers and relying less on discounts…
