Why Abercrombie is up this morning
NEW YORK (TheStreet) -Since when do comparable sales down 8% equal a "good" result? Well, at Abercrombie (ANF - Get Report) the stock has come down just enough to make that statement true. While Abercrombie in particular has been a troubled name under its CEO Mike Jeffries, this stock reaction is a lesson in what is happening in retail this week. Check out my video with Brian Sozzi of Belus Capital just before the quarter on why I predicted the stock would be up even though I thought results would be lackluster:
--Written by Nicole Urken in New York.
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