Abercrombie, American Eagle’s upbeat forecasts fail to buck retail softness – ET Retail
Abercrombie & Fitch’s and American Eagle Outfitters’ upbeat third-quarter results and annual forecasts were overshadowed by caution around holiday-quarter sales from several major retailers. Apparel retailer Abercrombie & Fitch’s shares, which have more than tripled this year, were down about 8%, while American Eagle slipped 17%. Days ahead of the start of the busiest selling…