Abercrombie raises full-year sales forecast on resilient apparel demand
Aug 26 (Reuters) – Abercrombie & Fitch raised its full-year sales forecast on Wednesday, as demand for its apparel brands remained resilient despite weakness in international markets. Shares of the New Albany, Ohio-based retailer rose 11% in premarket trading. The company now expects full-year net sales to grow 5%, compared with its earlier forecast of 3% to 5%. Its Abercrombie brand has continued to gain traction among millennial consumers, while […]