|Bid||36.00 x 279600|
|Ask||36.30 x 47500|
|Day's Range||35.81 - 36.27|
|52 Week Range||27.18 - 36.65|
|PE Ratio (TTM)||35.77|
|Dividend & Yield||0.55 (1.34%)|
|1y Target Est||N/A|
Abercrombie & Fitch Co, which has put itself up for sale, posted a smaller-than-expected drop in same-store sales, helped by strong demand for surfwear brand Hollister. Shares of the teen apparel retailer, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management are reportedly planning to bid, rose 10 percent to $14.18 on Thursday. Apparel retailers, including Abercrombie, have been hurt by fierce competition from fast-fashion retailers such as H&M and Inditex's Zara as well as from online retailers such as Amazon.com Inc.
You may be reading mixed headlines about the retail space, but what remains true is that "shoppers gotta shop" and they haven't gone far in 2017.
H&M shares traded firmly higher in Stockholm Monday after the struggling fashion retailer posted solid April sales figures as it attempts to close the gap on rival Inditex.