Abercrombie & Fitch tumbled as its raised targets failed to impress. Urban Outfitters, American Eagle reported holiday sales.

Abercrombie & Fitch on Monday raised its annual net sales growth target for the current quarter helped by strong demand for its apparel collections during the holiday shopping season.

Abercrombie & Fitch reported strong holiday sales, but concerns about weaker earnings growth than analysts had expected drove its stock price down. The retailer expects net sales for the fiscal quarter ending Jan.

Lululemon struck a cautious tone in the lead up to the holiday shopping season but said that its results were better than expected.

Lululemon Athletica and Abercrombie & Fitch bumped up their current-quarter sales forecasts on Monday, underscoring a stronger-than-anticipated shopping period in the United States as customers hunt for the best bargains.

Lululemon and Abercrombie have worked to introduce new colours and styles to their portfolio to keep shoppers interested and ward off competition from newer brands

Abercrombie & Fitch Co. raised its fourth-quarter sales outlook on better-than-expected holiday sales, but the increase wasn’t enough to reassure investors the retailer could keep up the fast pace of growth.