USA: Abercrombie Up 13 Per Cent In Q1
Controversial youth-oriented apparel retailer Abercrombie & Fitch Co has reported a 13 per cent rise in first quarter net profit to $23.3 million compared with $20.6m in the prior year. The Ohio-based operator of 507 stores hit the headlines last month after being forced to withdraw a range of T-shirts amid a race row but said its results had been boosted by tight control of inventory and expenses.