Abercrombie & Fitch posts steeper-than-expected loss as pandemic keeps stores shut
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(Reuters) - Abercrombie & Fitch Co reported a steeper-than-expected quarterly loss on Thursday, hurt by plunging demand for apparel as most of its stores were forced to shutter to curb the spread of the novel coronavirus, sending the retailer's shares down as much as 10%.The temporary closures of its recently remodeled stores have slowed Abercrombie's efforts to revive its struggling flagship clothing brand, hurt by past fashion missteps. The crisis also hampered growth at Hollister.A wide..