
Abercrombie & Fitch expects “modest” margin erosion
US teen apparel retailer Abercrombie & Fitch says it expects "modest" erosion in its gross margin rate in the third-quarter, given the highly promotional and challenging environment.

US teen apparel retailer Abercrombie & Fitch says it expects "modest" erosion in its gross margin rate in the third-quarter, given the highly promotional and challenging environment.