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Abercrombie Narrows Q1 Loss, But Tariff Hike Threatens Q2 Gross Profit Rate

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Abercrombie & Fitch Co. (A&F) narrowed its first-quarter loss, but also saw a slower start to the second quarter. It also elected to shut some flagships as it shifts away from large format stores, and the company provided a second-quarter gross profit forecast that’s expecting a decrease based solely on the increase in tariffs that…

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