Abercrombie & Fitch Reports March Sales Results
April 09 2009 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, April 9 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $235.1 million
for the five-week period ended April 4, 2009, a 29% decrease from
net sales of $330.2 million for the five-week period ended April 5,
2008. March comparable store sales decreased 34%. Total Company
direct-to-consumer net sales decreased 23% to $19.8 million for the
five-week period ended April 4, 2009, compared to the five-week
period ended April 5, 2008. Year-to-date, the Company reported a
net sales decrease of 27% to $409.7 million from $559.1 million
last year. Comparable store sales decreased 33% for the
year-to-date period. Year-to-date, total Company direct-to-consumer
net sales decreased 20% to $33.9 million. March 2009 Developments
-- Total Company net sales decreased 29% -- Total Company
direct-to-consumer net sales decreased 23% -- Total Company
comparable store sales decreased 34% -- Abercrombie & Fitch
comparable store sales decreased 32% -- abercrombie comparable
store sales decreased 37% -- Hollister Co. comparable store sales
decreased 35% -- RUEHL comparable store sales decreased 39% The
Company operated 350 Abercrombie & Fitch stores, 208
abercrombie stores, 508 Hollister Co. stores, 29 RUEHL stores and
16 Gilly Hicks stores in the United States at the end of fiscal
March. 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 March 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 " 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 January 31, 2009, 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: current financial crisis and general
economic conditions; 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, +1-614-283-6385
Web Site: http://www.abercrombie.com/
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