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current news

Abercrombie 3Q Sales Down 15%

(Filed Under Financial and General Interest News). Abercrombie & Fitch reported a 15 percent drop in net sales of $765.4 million during the third quarter ended October 31st, 2009. Comparable store sales dropped 22 percent, and direct-to-consumer sales increased 11 percent to $63.9 million.

By division, comparable store sales dropped 18 percent for Abercrombie & Fitch, 22 percent for abercrombie kids, 26 percent for Hollister Co., and 30 percent for Ruehl, which, as previously announced, the company anticipates closing by the end of the current fiscal year. The company did not report comparable store sales for Gilly Hicks, its intimate apparel brand and store chain.

more Financial and General Interest News >>

Published 12-03-2009 by Amanda Torres Price

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Abercrombie: Strong 4q, Grows Globally
Abercrombie 3Q Sales Down 15%
Abercrombie: 23% 2Q Sales Plunge

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