Abercrombie & Fitch Reports August Sales Results
September 03 2009 - 8:00AM
PR Newswire (US)
NEW ALBANY, Ohio, Sept. 3 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE:ANF) today reported net sales of $313.9 million
for the four-week period ended August 29, 2009, a 23% decrease from
net sales of $405.5 million for the four-week period ended August
30, 2008. August comparable store sales decreased 29%. Total
Company direct-to-consumer net merchandise sales increased 1% to
$19.1 million for the four-week period ended August 29, 2009,
compared to the four-week period ended August 30, 2008.
Year-to-date, the Company reported a net sales decrease of 23% to
$1.574 billion from $2.051 billion last year. Comparable store
sales decreased 29% for the year-to-date period. Year-to-date,
total Company direct-to-consumer net merchandise sales decreased
15% to $116.9 million. August 2009 Developments -- Total Company
net sales decreased 23% -- Total Company direct-to-consumer net
merchandise sales increased 1% -- Total Company comparable store
sales decreased 29% -- Abercrombie & Fitch comparable store
sales decreased 26% -- abercrombie comparable store sales decreased
26% -- Hollister Co. comparable store sales decreased 32% -- RUEHL
comparable store sales decreased 37% At month end, the Company
operated 348 Abercrombie & Fitch stores, 210 abercrombie
stores, 510 Hollister Co. stores, 29 RUEHL stores and 16 Gilly
Hicks stores in the United States. The Company also operated three
Abercrombie & Fitch stores, three abercrombie stores and five
Hollister Co. stores in Canada, and one Abercrombie & Fitch
store and six 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 August 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; estimates of expenses which
the Company may incur in connection with the closure of the Ruehl
stores and related direct-to-consumer operations; 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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