By and and  on February 2, 2012

Abercrombie & Fitch Co., suffering under the weight of a profit warning, and Gap Inc., which had a pleasant surprise for investors, served as bookends for retail stocks today.

Shares of Abercrombie flopped 13.7 percent to $40.40 after the company said its fourth-quarter comparable sales came in flat and that “lower-than-expected sales and higher markdowns” would cut deeply into its gross margins. The trendy retailer projected quarterly earnings of $1.10 to $1.15 a share, well below $1.55 analysts expected.

 

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