Abercrombie & Fitch Co. (ANF) - Get Abercrombie & Fitch Co. Class A Report is having a great week following its narrower than expected quarterly loss results and revenue beat. The company sees swimwear as an "emerging market" just weeks after fellow apparel retailer Victoria's Secret (LB) - Get L Brands, Inc. (LB) Report announced that it is exiting the segment.
Intimate wear, a Victoria's Secret staple that won't be going away anytime soon, was also listed by Abercrombie CEO Fran Horowitz as a category that experienced "aggressive growth."
Abercrombie shares were rising more than 2% premarket and have increased more than 22% this week.
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