Abercrombie & Fitch: raises growth targets

(CercleFinance.com) - Abercrombie & Fitch has announced that it has raised its targets for Q4, now aiming for sales growth at constant stores in the upper single-digit range, rather than low single-digit growth.


The clothing chain is expecting net sales to increase by just over 10%, while previously it was expecting 5% to 10%, taking into account the positive effects of the 53rd week and changes in exchange rates.

In addition, the New Albany (Ohio) -based group announces that the executive chairman of its board, Arthur C. Martinez, will leave his position at the end of the current fiscal year, i.e. on 3 February. Terry L. Burman will then take the role of non-executive chairman.


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