Abercrombie & Fitch Reports February Sales Results
March 05 2009 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, March 5 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $174.5 million
for the four-week period ended February 28, 2009, a 24% decrease
from net sales of $228.9 million for the four-week period ended
March 1, 2008. February comparable store sales decreased 30%. Total
Company direct-to-consumer net sales decreased 17% to $14.1 million
for the four-week period ended February 28, 2009, compared to the
four-week period ended March 1, 2008. February 2009 Developments --
Total Company net sales decreased 24% -- Total Company
direct-to-consumer net sales decreased 17% -- Total Company
comparable store sales decreased 30% -- Abercrombie & Fitch
comparable store sales decreased 27% -- abercrombie comparable
store sales decreased 34% -- Hollister Co. comparable store sales
decreased 33% -- RUEHL comparable store sales decreased 33% The
Company operated 352 Abercrombie & Fitch stores, 209
abercrombie stores, 508 Hollister Co. stores, 29 RUEHL stores and
15 Gilly Hicks stores in the United States at the end of fiscal
February. 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 February sales message, please
dial (800) 395-0662, or internationally, dial (402) 220-1262. 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 "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OEPRATIONS" in "ITEM 2. Safe Harbor
Statement Under the Private Securities Litigation Reform Act of
1995" of A&F's Quarterly Report on Form 10-Q for the quarterly
period ended November 1, 2008, in some cases have affected and in
the future could affect the Company's financial performance and
could cause actual results for the 2009 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/
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