Abercrombie’s 285% Surge in 2023 Beats Even Sizzling Nvidia
- Retailer is the top-performing stock in the S&P 1500 Index
- The 285% advance more than erases company’s 2022 loss
An Abercrombie & Fitch store in New York.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
One retail stock has been a clear winner this year as fashion trends revisited the late 90s and early 2000s.
Abercrombie & Fitch Co. has gained 285% this year, its best annual performance since going public in 1996. The rally has made the company the best performer in the S&P 1500 Index, even managing to beat out artificial intelligence darling Nvidia Corp.’s 239% gain. The retailer has also handily outperformed its peers - the S&P Retail Select Industry Index rose 20% this year.