Abercrombie & Fitch Co raised its holiday quarter sales forecast on Monday on strong demand for its brands during the peak holiday selling period, sending shares about 3 percent higher before the bell.
The Ohio-based apparel retailer said it now expects net sales to rise between 1 percent and 2 percent in the fourth quarter, compared with its prior forecast for a 2 percent to 4 percent fall.
The company has been revamping its inventories to get…