Abercrombie & Fitch reports 2% rise in store sales
12 Jul '07
2 min read
Abercrombie & Fitch reported net sales of $293.2 million for the five-week period ended July 7, 2007, a 21% increase over net sales of $243.0 million for the five-week period ended July 1, 2006.
June comparable store sales increased 2% for the five-week period ended July 7, 2007, compared to the five-week period ended July 8, 2006.
Total Company direct-to-consumer net sales increased 79% to $16.7 million for the five-week period ended July 7, 2007, compared to the five-week period ended July 1, 2006.
Year-to-date, the Company reported a net sales increase of 15% to $1.251 billion from $1.086 billion last year. Comparable store sales decreased 3% for the year-to-date period. Year-to-date, total Company direct-to-consumer net sales increased 51% to $73.1 million.
June 2007 Developments: • Total Company net sales increased 21% • Total Company direct-to-consumer net sales increased 79% • Total Company comparable store sales increased 2% • Abercrombie & Fitch comparable store sales increased 2% • abercrombie comparable store sales increased 6% • Hollister Co. comparable store sales increased 2% • RUEHL comparable store sales were flat to last year
The Company operated 355 Abercrombie & Fitch stores, 182 abercrombie stores, 409 Hollister Co. stores and 17 RUEHL stores in the United States at the end of fiscal June.
The Company operates three Abercrombie & Fitch stores and three Hollister Co. storesin Canada, and one Abercrombie & Fitch store in London, England.
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