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U.S. teen apparel retailer Abercrombie & Fitch, which has put itself up for sale, posted a smaller-than-expected drop in comparable-store sales, helped by strong demand for Hollister, its California beach-themed brand of surfwear.
Shares of the company, for which rival American Eagle Outfitters and private equity firm Cerberus Capital Management are reportedly planning to bid, rose 4 percent to $13.41 before the bell on Thursday.
Abercrombie and other U.S. apparel retailers have been hurt…
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