Abercrombie & Fitch (A&F) reporting earnings yesterday results. Although revenue was down 3% from year-ago, comparable-sales growth was 3%, doubling expectations. A&F also said sales for 2019 will rise 2% to 4%. On the news the stock rose more than 20%, its best level since 2016.
According to the CEO, is the company’s ability to reach the customers through mobile devices was instrumental with digital sales topping $1 billion for the full year. To put things into prospective roughly one-in-three dollars spent at the brand is being spent online. In addition, customers can purchase items online and pick them up in
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