What Analysts Expect for Apparel Retailers’ Top Lines in 2018

Analysts have turned bullish on apparel retailers, with investments in digital sales channels and merchandise overhauls now paying off. Analysts expect Abercrombie & Fitch (ANF) to report 1.8% sales growth to $3.6 billion in fiscal 2018. The company has guided for low-single-digit net sales growth. However, with one fewer week in 2018 than in 2017, its top line could be impacted. Nonetheless, in fiscal 2018, foreign exchange is expected to add $50 million to Abercrombie’s sales, and the company expects to spend $45 million on the development of omnichannel capabilities and loyalty ...