Retail
Remodeled, Smaller Stores Help Abercrombie Holiday Sales Top Expectations
This week, Abercrombie & Fitch beat quarterly sales and profit estimates, fueled by smaller stores that attracted more shoppers this holiday season. The focus on new store formats came as a result of retailers working to adapt to changing customer preferences, as mall traffic across the United States has taken a hit from online shopping. Abercrombie & Fitch, which draws 70 percent of revenue from its stores, has been improving as it remodels stores....