Cataloguer Abercrombie & Fitch has seen comparable sales
and profit fall below Wall Street expectations, according to a report by City
AM. Comparable sales, which include online sales and sales at stores open at
least a year, fell 10 percent in the second quarter, ended 3rd August, while
analysts expected a drop of around 2.5 percent. Revenue in the second quarter
also fell by one percent to $945.7 million, again below analyst predictions of
revenue being around $996.2 million. A bright spot for Abercrombie & Fitch
was that international revenue rose 15 percent.
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