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Abercrombie & Fitch Posts Loss on Slumping Sales

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CONSUMER RETRENCHMENT
Abercrombie's net loss was $26.7 million. Sales at stores opened at least a year were down 30% over the past three months. And yet... the stock is up more than 5% in the pre-market. Perhaps, as Minyanville's Terry Woo likes to say, "If you ain't long, you're wrong."
SOURCE:   Bloomberg

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