NEW YORK, Mon Nov 26, 2012 – Abercrombie & Fitch Co. seemed to come out ahead of other clothing retailers during the annual Black Friday kickoff to the holiday shopping season, analysts said on Monday.
Abercrombie and Wal-Mart Stores Inc. were among the perceived winners in a four-day weekend when some stores opened on Thanksgiving night and people shopped online in greater numbers than ever before.
The National Retail Federation trade group reported on Sunday that total sales for the four days from Thanksgiving through Sunday had risen 12.8 percent to $59.1 billion. That is down from a 16.4 percent increase last year.
Abercrombie, which operates the Hollister chain in addition to its namesake stores, “was the clear winner,” with the longest lines and units per transaction during the weekend, according to Oppenheimer analyst Pamela Quintiliano.