Abercrombie & Fitch Reports January Sales Results
February 05 2009 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, Feb. 5 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $191.5 million
for the four-week period ended January 31, 2009, a 13% decrease
from net sales of $219.7 million for the four-week period ended
February 2, 2008. Comparable store sales decreased 20% for the
four-week period ended January 31, 2009, compared to the four-week
period ended February 2, 2008. Total Company direct-to- consumer
net sales increased 7% to $26.0 million for the four-week period
ended January 31, 2009, compared to the four-week period ended
February 2, 2008. For the fifty-two week fiscal year ended January
31, 2009, the Company reported a net sales decrease of 6% to $3.540
billion from $3.750 billion for the fifty-two week fiscal year
ended February 2, 2008. Fiscal 2008 comparable store sales
decreased 13%. For the fifty-two week fiscal year ended January 31,
2009, the Company reported direct-to-consumer net sales increased
5% to $271.0 million. January 2009 Developments -- Total Company
net sales decreased 13% -- Total Company direct-to-consumer net
sales increased 7% -- Total Company comparable store sales
decreased 20% -- Abercrombie & Fitch comparable store sales
decreased 16% -- abercrombie comparable store sales decreased 24%
-- Hollister Co. comparable store sales decreased 24% -- RUEHL
comparable store sales decreased 17% The Company operated 352
Abercrombie & Fitch stores, 210 abercrombie stores, 507
Hollister Co. stores, 28 RUEHL stores and 14 Gilly Hicks stores in
the United States at the end of fiscal January. The Company
operates three Abercrombie & Fitch stores, two abercrombie
stores and five Hollister Co. stores in Canada, and one Abercrombie
& Fitch store and three Hollister Co. stores in the United
Kingdom. The Company operates e-commerce websites at
http://www.abercrombie.com/, http://www.abercrombiekids.com/,
http://www.hollisterco.com/, http://www.ruehl.com/ and
http://www.gillyhicks.com/. To hear the Abercrombie & Fitch
pre-recorded January sales message, please dial (800) 395-0662, or
internationally, dial (402) 220-1262. The company will release its
fourth quarter results on Friday, February 13, 2009, prior to the
open of the market and hold a conference call at 8:30 AM Eastern
Time. To listen to the conference call, dial (800) 811-0667 and ask
for the Abercrombie & Fitch Quarterly Call or go to
http://www.abercrombie.com/. The international call-in number is
(913) 981-4901. This call will be recorded and made available by
dialing the replay number (888) 203-1112 or the international
number (719) 457-0820 followed by the conference ID number 6647238
or through http://www.abercrombie.com/ SAFE HARBOR STATEMENT UNDER
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 A&F
cautions that any forward-looking statements (as such term is
defined in the Private Securities Litigation Reform Act of 1995)
contained in this Press Release or made by management of A&F
involve risks and uncertainties and are subject to change based on
various important factors, many of which may be beyond the
Company's control. Words such as "estimate," "project," "plan,"
"believe," "expect," "anticipate," "intend," and similar
expressions may identify forward-looking statements. The following
factors, in addition to those included in the disclosure under the
heading "FORWARD-LOOKING STATEMENTS AND RISK FACTORS" in "ITEM 1A.
RISK FACTORS" of A&F's Annual Report on Form 10-K for the
fiscal year ended February 2, 2008, in some cases have affected and
in the future could affect the Company's financial performance and
could cause actual results for the 2008 fiscal year and beyond to
differ materially from those expressed or implied in any of the
forward-looking statements included in this Press Release or
otherwise made by management: changes in consumer spending patterns
and consumer preferences; the effects of political and economic
events and conditions domestically and in foreign jurisdictions in
which the Company operates, including, but not limited to, acts of
terrorism or war; the impact of competition and pricing; changes in
weather patterns; postal rate increases and changes; paper and
printing costs; market price of key raw materials; ability to
source product from its global supplier base; political stability;
currency and exchange risks and changes in existing or potential
duties, tariffs or quotas; availability of suitable store locations
at appropriate terms; ability to develop new merchandise; ability
to hire, train and retain associates; and the outcome of pending
litigation. Future economic and industry trends that could
potentially impact revenue and profitability are difficult to
predict. Therefore, there can be no assurance that the
forward-looking statements included in this Press Release will
prove to be accurate. In light of the significant uncertainties in
the forward- looking statements included herein, the inclusion of
such information should not be regarded as a representation by the
Company, or any other person, that the objectives of the Company
will be achieved. The forward-looking statements herein are based
on information presently available to the management of the
Company. Except as may be required by applicable law, the Company
assumes no obligation to publicly update or revise its
forward-looking statements even if experience or future changes
make it clear that any projected results expressed or implied
therein will not be realized. DATASOURCE: Abercrombie & Fitch
CONTACT: Eric Cerny, Manager, Investor Relations of Abercrombie
& Fitch, +1-614-283-6385 Web site: http://www.abercrombie.com/
http://www.abercrombiekids.com/
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