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Abercrombie & Fitch raises annual sales growth target as trendy styles drive demand

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Abercrombie & Fitch (ANF.N) raised annual sales growth forecast and beat first-quarter estimates this week, expecting new and on-trend apparel and accessories to drive demand at its Hollister and namesake brands, sending its shares up about 13 per cent. Refreshing styles in low-rise baggy pants and wide-leg jeans to appeal…

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