Why American Eagle, Gap, and Crocs Dropped Today

Why American Eagle, Gap, and Crocs Dropped Today

A disastrous earnings report from retail clothier Abercrombie & Fitch (NYSE: ANF) reverberated across the retail industry Tuesday, pulling down shares of rival clothing chains such as American Eagle Outfitters (NYSE: AEO), Gap (NYSE: GPS), and Crocs (NASDAQ: CROX) as well. Abercrombie suffered the greatest damage of the four, falling 28.8% today.