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Abercrombie & Fitch forecasts upbeat revenue growth on strong apparel demand
On Wednesday, Abercrombie & Fitch Co projected full-year revenue growth surpassing Wall Street expectations.
The company is banking on robust full-price demand for its apparel brands, fueled by a successful holiday shopping season and a strong beginning to spring in the United States.
Efforts by apparel retailers like Abercrombie and Lululemon Athletica to streamline inventories and introduce fresh styles during the holiday season have proven advantageous, Reuters reported.
READ MORE: https://finance.yahoo.com/news/abercrombie-fitch-beats-revenue-estimates-124139604.html
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