Abercrombie & Fitch: Improved Omnichannel Experience Drives Record Results
ANFA&F(ANF) pymnts.com·2024-05-29 22:38

Abercrombie & Fitch reported record first-quarter earnings results Wednesday (May 29), attributing the gains in part to increased marketing spend and an improved omnichannel experience. The apparel retailer’s highest first-quarter net sales ever came with an increase of 22% compared to the same period a year earlier, according to a Wednesday earnings release. “Both brand families [Abercrombie and Hollister] are contributing nicely to our business results while expanding their customer base through increased ...