Abercrombie shares surge nearly 20 percent

Abercrombie & Fitch posted a much smaller than expected quarterly loss on Thursday, helped by robust demand for its Hollister brand, sending the company's shares soaring nearly 20 percent. Hollister, the retailer's California beach-themed brand of surfwear, reported a 5 percent rise in comparable sales in the second quarter ended July 29, beating analysts' average...