What happened Shares of Abercrombie & Fitch (NYSE: ANF) leaped 21.7% on Tuesday after the apparel retailer reported a surprise profit. Although inflation and job losses are forcing consumers to pare back their discretionary spending, people are still buying clothes as they return to traditional work locations and resume social activities. "We were pleased to see year-over-year sales trends improve across brands in light of the global macroeconomic environment," CEO Fran Horowitz said in a press release.