Abercrombie & Fitch Co. (NYSE: ANF) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced a key management change as well as increased guidance, leading to excitement among investors and sending the stock on a spike for the top. Today, we’ll talk about the news from ANF, what we’re seeing from the stock, and what we’ll be watching for ahead.
ANF Gains On Management And Guidance Update
As mentioned above, Abercrombie & Fitch is having an overwhelmingly strong trading session in the market today after the company released two big pieces of news. In the first release issued early this morning, the company announced that Arthur C. Martinez will step down as the Executive Chairman of the Board of Directors. This will take place on February 3, 2018 as he retires. As a result, Terry L. Burman, Lead Independent Director and Chair of the Nominating and Board Governance Committee will be stepping in as the Executive Chairman of the ANF Board. In a statement, Mr. Martinez had the following to offer