Abercrombie & Fitch online sales boom and are profitable

KEY POINTS

  • Abercrombie & Fitch’s second-quarter online sales surged 56%. 

  • The apparel retailer also reported a surprise profit, as it cut costs amid the e-commerce boom. 

  • Abercrombie called out a slower start to the back-to-school season due to the coronavirus pandemic. 

  • But CEO Fran Horowitz said back-to-school sales will likely drag all the way into October. 

Previous
Previous

25% of U.S. malls are expected to shut within 5 years. Giving them a new life won’t be easy

Next
Next

Walmart is teaming up with Microsoft on TikTok bid