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Abercrombie Posts 3.4% Profit Gain, Hems In Plans

By Lauren Pollock
Word Count: 184  |  Companies Featured in This Article: Abercrombie & Fitch

Abercrombie & Fitch Co. said fiscal-first-quarter profit rose 3.4% amid rising margins and announced it will rein in store-opening plans this year.

The New Albany, Ohio, teen-clothing retailer said the gross-profit rate for the quarter ended May ...

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