Reported 6 months ago
Abercrombie & Fitch CEO Fran Horowitz aims to expand the company's growth by launching men's suits following the success of a women's wedding attire business. The company plans a significant US store-opening push and growth initiatives in key markets like Germany and the UK. After a strong first quarter with rising same-store sales and expanded profit margins, Abercrombie & Fitch's stock surged 22%, reflecting a 22% increase in net sales and a 21% increase in same-store sales. The company's inventory control and full-price selling strategies have been successful, leading to a positive outlook for the second quarter and full year.
Source: YAHOO