Abercrombie & Fitch: more optimistic for exercise

Abercrombie & Fitch expects net sales to grow between 19% and 20% in 2021. It will be between 2% and 3% from 2019. However, the clothing distributor has lowered its sales forecast for the fourth quarter. 2021, due to “unexpected additional delays in receiving inventory and increasing Covid-related impacts and restrictions.” The group is targeting net sales growth of between 4% and 6% and zero or down 2% compared to 2019.

It previously targeted a 3% 5% increase from 2019.

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