Abercrombie & Fitch’s Surging Shares Propel Central Ohio Companies

Abercrombie & Fitch Shares Surge 285.1%, Propelled by Growing Sales

Abercrombie & Fitch, the New Albany-based clothing retailer, had a standout year in 2023 as its shares surged by an impressive 285.1%. The company experienced a resurgence, driven by growing sales of its core Abercrombie brand. CEO Fran Horowitz attributes their success to aligning their product, voice, and experience with the evolving needs of their customers. Abercrombie’s sales for the most recent quarter reached $1.1 billion, a 20% increase from the same period the previous year. Sales rose by 30% at Abercrombie stores and 11% at sister company Hollister. The company also reported a significant improvement in earnings, moving from a loss in 2022 to a profit of $96.2 million.