Abercrombie & Fitch CEO Eyes Wedding Market After Earnings Success
Abercrombie & Fitch CEO Fran Horowitz discusses the company's expansion into men's suits and wedding attire following a strong earnings report. The retailer plans to open more stores in the US and grow in key international markets. First quarter results showed significant growth in same-store sales and profit margins, leading to a 22% surge in stock price. The company also raised its full-year outlook, expecting net sales to increase by 10%.