Sky-high cotton prices (BAL) are one reason Abercrombie & Fitch (ANF +1.5%) is scaling back...

|About: Abercrombie & Fitch (ANF)|By:, SA News Editor
Sky-high cotton prices (BAL) are one reason Abercrombie & Fitch (ANF +1.5%) is scaling back its Q4 margin outlook. But paradoxically, management says it views the cotton bull market as an opportunity. While rivals scale back their product lines, "We're not," ANF says on this morning's earnings call. "We're going to use this opportunity to enhance the product offering."