Huge Move In Abercrombie & Fitch (ANF)

Shares of Abercrombie & Fitch ANF have soared on Thursday after the company reported better than expected comparable store sales for November. The Ohio based retailer said that comparable store sales rose 22% for the month. The stock has jumped 9.32% to $55.14. Abercrombie's (ANF) net sales were $318.9 million versus $241.2 million in the year ago period. Total company direct-to-consumer net merchandise sales increased 40% to $32.6 million. The company also reported a 25% increase in domestic net sales.