Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW ALBANY, Ohio - Teen retailer Abercrombie & Fitch Co. said Thursday its same-store sales in August dropped 11 percent--a far steeper drop than Wall Street analysts expected.
Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance since they measure growth at existing stores rather than newly opened ones.
Analysts polled by Thomson Reuters had expected same-store sales to fall 3.3 percent.
Abercrombie & Fitch same-store sales fell 5 percent while same-store sales at abercrombie dropped 17 percent. Same-store sales at its surf-inspired brand Hollister declined 14 percent and slid 25 percent at its Ruehl chain, which is aimed at older shoppers.
Total sales for the four-week period ended Aug. 30 fell 5 percent to $405.5 million from $425.4 million.
Total company direct-to-consumer sales fell 8 percent in the period.
Next weeks G8 may shine the spotlight on the USD as the global standard
The U.S. economy likely shed a further 355,000 jobs in June and the unemployment...
Cisco live 2009 website is down and nobody can access the site for the latest in...
|
Can predict currency pairs movements? Binary option trading is what you need. Click here.
Take profit from the markets roller coaster. No downloads, no commissions, no spreads.
Come and experience the trading platform that everyone talks about. Simple, fast and exciting.
Partners  
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
