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Abercrombie & Fitch Co. is likely to continue to see a weakening in its sales at stores open at least a year, an analyst said Friday as she downgraded the apparel retailer.
Summary of comparisons of August sales at established apparel stores against August 2008. Abercrombie & Fitch Co. -29 pct
Shares of preppy retailer Abercrombie & Fitch Co. tumbled Monday amid a widespread market slump as investors continued to worry about consumer spending.
Abercrombie & Fitch Co reported a quarterly loss as sliding sales, higher markdowns and increased costs weighed on the teen-apparel retailer.
Abercrombie & Fitch says it lost money in its second quarter as the teen clothing retailer incurred charges related to the closing of its Ruehl business.
Apparel retailer Abercrombie & Fitch Co. said Thursday its same-store sales fell 28 percent in July amid a continued pullback in consumer spending.
Abercrombie & Fitch Co posted a much bigger-than-expected quarterly net loss as cost-cutting efforts failed to offset a sales decline, and its shares fell 7.5 percent in premarket trading.
Teen retailer Abercrombie & Fitch says it booked a loss in its fiscal first quarter and is beginning a strategic review of its Ruehl business, which is aimed at an older demographic.
Teen retailer Abercrombie & Fitch Co. said Thursday that its same-store sales slid 22 percent in April, less than analysts expected.
Teen clothing retailer Abercrombie & Fitch Co. said Thursday its same-store sales dropped 34 percent in March as consumer spending remained weak.
Teen clothing retailer Abercrombie & Fitch Co. said Thursday its same-store sales plunged 30 percent in February due to much weaker results at all its chains.
Abercrombie & Fitch today reported net sales of $267.3 million for the four-week period ended November 29, 2008, a 24% decrease from net sales of $352.3 million for the four-week period ended December 1, 2007.
Abercrombie & Fitch Co. shares climbed Thursday after a Barclays Capital analyst said he was more optimistic about the teen retailer's prospects following a meeting with its Chief Executive Mike Jeffries.
An analyst said Monday Abercrombie & Fitch Co.'s new Hollister store in London is the start of international expansion that will likely help the company in the long term.
Abercrombie & Fitch today reported net sales of $275.4 million for the five-week period ended October 4, 2008, a 7% decrease from net sales of $297.4 million for the five-week period ended October 6, 2007.
Shares of American Eagle Outfitters Inc. tumbled on Friday, after an analyst said teen apparel rival Abercrombie & Fitch Co. might perform better long term.
J.C. Penney Co Inc and Abercrombie & Fitch Co reported quarterly profits that beat Wall Street expectations on Friday, but came up short in their earnings forecasts, joining other U.S. retailers who fear a deeper slowdown in consumer spending toward year's end.
Teen clothing retailer Abercrombie & Fitch Co reported a lower quarterly profit on Friday, hurt by a higher tax rate and declining sales at stores open at least a year.
Shares of Abercrombie & Fitch Co. on Thursday hit their lowest price in more than two years after the apparel retailer reported weak July same-store sales, cut its second-quarter outlook and an analyst downgraded the stock.
Teen apparel retailer Abercrombie & Fitch Co. said Thursday same-store sales dropped 7 percent in July and missed Wall Street expectations.
Teen apparel retailer Abercrombie & Fitch Co. on Thursday said same-store sales fell 3 percent in June, due to weak sales of women's apparel and fewer transactions per store.