Zumiez and Abercrombie & Fitch seen benefiting from sector failures

• Keybanc Capital Markets dives into the teenage retail sector with the crowd of chains starting to thin out.
• The investment firm thinks the bankruptcies of Pacific Sunwear and Aeropostale will benefit Abercrombie & Fitch (ANF -2.5%) and Zumiez (ZUMZ +0.8%) which have the most customer overlap with the pair.
• Shares of Zumiez and Abercrombie & Fitch are both down more than 25% over the last three months.