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Same-store sales plummet at Abercrombie & Fitch

Posted Sep 3rd 2009 10:30AM by Mark Fightmaster (RSS feed)
Filed under: Before the Bell, Bad News, Abercrombie and Fitch (ANF)

Abercrombie & Fitch (NYSE: ANF) announced on Thursday that its same-store sales plummeted 29% in August. These results were worse than the expected drop of 23.9%.

Sales in all of its divisions were worse than expected, with sales at the Abercrombie & Fitch flagship store plunging 26%. Sales dropped 32% at Hollister, 37% at Ruehl (which will close at the year's end), and 26% at the company's children's retail outlet.

Continue reading Same-store sales plummet at Abercrombie & Fitch

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