From Financial Modeling Prep: 2024-10-04 20:03:00

Shares of Abercrombie & Fitch (NYSE:ANF) surged over 9% after being added to JPMorgan Chase’s Positive Catalyst Watch list. The retailer saw increased momentum in both its namesake brand and Hollister division, with favorable promotional activity contributing to strong performance across product categories and regions.

Abercrombie & Fitch’s reliance on West Coast ports helped it navigate supply chain disruptions caused by a recent strike at East and Gulf Coast ports. The retailer’s supply chain teams demonstrated advanced visibility into the situation, allowing them to manage challenges effectively as dockworkers and carriers reached a deal to suspend the strike.



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