By  on November 16, 2011

Savvy, deal-hungry shoppers are shirking price hikes — at least at Abercrombie & Fitch Co.

The teen retailer was unable to get consumers to buy enough fashions at higher prices to sufficiently offset rising commodity costs and as a result missed Wall Street’s third-quarter earnings projections by a hefty 14 cents a share, causing its stock to plummet 13.6 percent to $48.10.

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