Abercrombie & Fitch Soars with 1990s Revival and Strong Earnings
Abercrombie & Fitch is experiencing a significant resurgence, with double-digit sales growth for the second consecutive year, driven by a shift towards more inclusive and modern offerings. The company's turnaround, marked by a 22% year-on-year sales increase in early 2024, has led to a substantial rise in its stock price. Current CEO Fran Horowitz attributes the success to modernization efforts and sees further growth potential, particularly in overseas markets like the UK.