Abercrombie sales plummet 25%
By FashionUnited
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Abercrombie & Fitch today reported net sales of $230.4 million for the five-week period ended July 4, 2009, a 26% decrease from net sales of $309.7 million for the five-week period ended July 5, 2008.
June comparable store sales decreased 32%. Total Company direct-to-consumer net sales decreased 17% to $16.9 million for the five-week period ended July 4, 2009, compared to the five-week period ended July 5, 2008.
Year-to-date, the Company reported a net sales decrease of 24% to $1.025 billion from $1.343 billion last year. Comparable store sales decreased 30% for the year-to-date period. Year-to-date, total Company direct-to-consumer net sales decreased 19% to $81.5 million.
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