Search   Advanced Search
LATEST NEWS
 
 
News
 Latest Headlines
 Quick Facts
 Breaking News
 Top Stories
 Feature Articles
 Politics
 US Policy
 General
 Commodities
 Canadian
 UK
 Indian
 Wallstreet Events
 US Economic News
 European Economic News
 Asian Economic News
 All Economic News
 FX Top Stories
 Currency Alerts
 Mkt Sensitive News
 Politics
 European Mkt Updates
 Asian Mkt Updates
 Treasury Mkt Updates
 Pop
 Rock
 Classic Rock
 Rap/Hip-Hop
 Country
 Alternative
 Oldies
 Movie Reviews
 DVD Releases
 Box Office
 Slide Shows
 Business News
Commentary/Analysis
 Daily Market Analysis
 US Market Updates
 US Commentary
 Asian Commentary
 European Commentary
 Canadian Commentary
 Indian Commentary
 Sector/Market Trends
Stock Alerts
 Stocks To Watch
 Long Term Stocks
 Before the Bell
 $5 and Under
 After the Bell
 Intraday Updates
 IPOs
 Hot Stocks
Earnings Calendars
 Upcoming Earnings
 Latest Earnings
 Pos Pre Announcements
 Neg Pre Announcements
Corporate Calendars
 Stock Splits
 Stock Buybacks
 Dividends
 Conference Calls
 FDA Calendar
 Board Meetings
 Mergers & Acquisitions
Ratings Changes
 Upgrades
 Downgrades
 Coverage Initiations
 Coverage Reiterated
 All Videos
 Market Commentary
 Top Stories
 Economic News
 Political News
 Foreign Markets
 Corporate News
 Entertainment News
 Top Stories
 Earnings
 Mergers & Acquisitions
 Market Commentary
 Economic News
 IPOs and New Issues
 Corporate News
 Forex News
 Interviews
 Private Equity
Economic Calendar
RTT DeskAlert

Font Down Font Up
Abercrombie & Fitch Oct. Comps Down 15% - Update
11/5/2009 11:59 AM ET


RELATED NEWS
Abercrombie & Fitch Closed At New High For Year Friday
Raising Target, Estimates On Abercrombie & Fitch - FBR Capital Markets Comments
Abercrombie & Fitch Surged To A New High On Q3 Earnings News
Abercrombie & Fitch Q3 Profit Falls On Lower Comps, Yet Tops View - Update
Abercrombie & Fitch Q3 Profit Declines - Quick Facts
(RTTNews) - Casual apparel retailer Abercrombie & Fitch Co. (ANF: News ) Thursday reported a 15% decline in comparable store sales for October, as well as a 5% decline in net sales during the period. In comparison to the preceding two periods, Abercrombie & Fitch's comparable store sales fared much better in October.

The New Albany, Ohio headquartered company that owns Abercrombie & Fitch, abercrombie, Hollister and RUEHL brands, reported October net sales of $203.4 million, a 5% decline when compared to $215.0 million recorded in the same period a year ago.

Total company direct-to-consumer net merchandise sales increased 24% to $22.0 million.

For September 2009, the company reported an 18% decline in comparable store sales, while net sales declined 10% to $248.2 million. The company's comparable sales for August 2009 declined 29%, while net sales declined 23% to $313.9 million.

Brand-wise in October, Abercrombie & Fitch comparable store sales decreased 8% and abercrombie comparable store sales decreased 17%. Hollister Co. October comparable store sales decreased 21% and RUEHL comparable store sales decreased 23%.

Quarter-to-date, the company reported a 22% decline in comparable store sales and a 11% decline in total company direct-to-consumer net merchandise sales at $63.9 million. Net sales for the quarter-to-date period declined 15% to $765.5 million from $896.3 million last year.
For the preceding second quarter of 2009, the company's net sales declined 5% to $657.60 million from $688.82 million in the prior year quarter. Comparable store sales decreased 10% for the quarter, compared to a 9% decline last year.

Comparable store sales for the year-to-date period ended October 31, 2009 decreased 27%. Total company direct-to-consumer net merchandise sales decreased 8% to $161.6 million. Year-to-date net sales were $2.026 billion, down 20% from $2.542 billion a year ago.

In the previous year-to-date period ended September 2009, the company's net sales decreased 22% to $1.823 billion from $2.327 billion in the same period last year. Comparable store sales for the period declined 28% from the year-ago period, while total company direct-to-consumer net merchandise sales decreased 12% year-over-year to $139.6 million.

At month end, the company operated 347 Abercrombie & Fitch stores, 209 abercrombie stores, 509 Hollister Co. stores, 27 RUEHL stores and 16 Gilly Hicks stores in the United States. The company also operated three Abercrombie & Fitch stores, three abercrombie stores and six Hollister Co. stores in Canada, one Abercrombie & Fitch store and seven Hollister Co. stores in the United Kingdom, and one Abercrombie & Fitch store and one abercrombie store in Italy. The company operates e-commerce websites as well.

To receive FREE breaking news email alerts for Abercrombie & Fitch Co. and others in your portfolio


 1   2   Next Page 


Share Article:   Del.icio.us    Digg    Y! My Web    Facebook    My Space

Email        Print        

     
Top Stories
Wall Street Closes Lower For The Day, Mixed For The Week

Senate Democrats Fault GOP For Failing To Advance Alternative Health Reforms

New Guidelines Recommend Women Wait Until 21 For Cervical Cancer Screening

"New Moon" Takes Center Stage, Should Post Big Opening Weekend

Valero Energy To Permanently Shutter Delaware City Refinery - Update

Earnings
Escalon Medical Q1 Loss Widens - Quick Facts

Cordy Oilfield Services Q3 Net Loss Narrows - Quick Facts

Triton Energy Slips To Q3 Loss - Quick Facts

Electronic Game Card Revises Q3 Results - Quick Facts

Schneider Power Swings To Profit In Q3 - Quick Facts

US Market Commentary
Bay Street Stocks Slip Slightly Again - Canadian Commentary

Stocks Close Mostly Lower Amid Disappointing Quarterly Results - U.S. Commentary

Stocks Remain Stuck In The Red In Mid-Afternoon Trading - U.S Commentary

Stocks Posting Moderate Losses In Early Afternoon Trading - U.S. Commentary

Stocks Seeing Further Downside In Late Morning Trading - U.S. Commentary

US Economic News
Fed's Fisher: "Too-Big-To-Fail" Must Be Addressed

Philly Fed Index Shows Much Bigger Than Expected Increase In November

Leading Indicators Index Increases For Seventh Straight Month In October

Philly Fed Index Jumps To 16.7 In November

Leading Indicators Index Rose 0.3% In October

Political News
Sri Lanka To Open Tamil Refugee Camps In December

Christian Leaders Unveil "Call To Faith" On Life, Marriage, Religious Freedom

Senate Ethics Committee Admonishes Burris But Finds No Legal Wrongdoing

Senate Democrats Fault GOP For Failing To Advance Alternative Health Reforms

Sen. Nelson Says He Will Vote To Proceed With Debate On Health Care Bill




 
Markets End Week In Red
11/20/09 04:51
Partisan Debate Precedes Health Reform Vote
11/20/09 03:23
Wall Street Extends Losses
11/20/09 02:13
 

Today's Stocks to Watch
SVN - 7 Days Group Holdings Ltd.
SLW - Silver Wheaton Corp.
CPQQ.OB - China Power Equipment
LIMS - STARLIMS TECHNOLOGY
SPRD - Spreadtrum Communications Inc.
HEAT - SmartHeat Inc


Profit Taking Likely To Contribute To Continued Weakness – RTTNews Daily Market Analysis
The major index futures are currently indicating a notably lower open for stocks on Friday, with the markets likely to see some further downside after closing lower in each of the two previous sessions. With no major economic data on tap for the day, traders have looked to corporate news, including disappointing quarterly results from Dell (DELL). Traders may also continue to cash in on the recent strength in the markets that lifted the major averages to their best closing levels in over a year earlier in the week.

SLIDE SHOW: Pittsburgh Plays Host To Third G-20 Summit World leaders met at the G-20 summit in Pittsburgh, where they promised to maintain economic stimulus agreed to in London in April.
  Trading Center

 

Copyright © 2009 RTTNews. All rights reserved. By using this site, you agree to the Terms of Service.

Feedback| Terms of Service | How To Use RTTNews.com| Advertise| Buy Content | RSS