
businessretail4.69 min read
Gap's Strategic Turnaround Boosts Sales and Stock
1 year ago•Source: Yahoo Finance
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Abercrombie & Fitch has made a significant comeback, posting its best first quarter in history with $1 billion in net sales, driven by savvy inventory management and a deep understanding of current fashion trends. This success, part of a broader seven-year transformation, signals hope for other iconic mall-based brands like American Eagle and Gap, though it doesn't necessarily herald a full revival of traditional malls.