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.
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