2 Retail Stocks Leading Markets Higher Wednesday
Abercrombie & Fitch and Williams-Sonoma both experienced stock gains after reporting better-than-expected financial results, signaling a possible recovery for the retail industry.
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Posted 8/23/2023, 5:20:00 PM
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Abercrombie & Fitch reported strong second-quarter earnings, with a 23% increase in same-store sales and a rise in gross profit margins, signaling a turnaround for the company amidst struggling retail competitors.