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REYNOLDSBURG, Ohio, Aug. 31 /PRNewswire/ -- Abercrombie & Fitch (NYSE: ANF - news) today reported net sales of $148.6 million for the four-week period ended August 26, 2000, a 26% increase from net sales of $118.2 million for the comparable four-week period ended August 28, 1999. Comparable store sales decreased 3% in the period compared with a 14% comparable store sales increase in August 1999.
Year-to-date, the Company reported a net sales increase of 16% to $586.8 million from $505.4 million last year. Comparable stores sales decreased 6% for the year-to-date period.
A lifestyle brand, Abercrombie & Fitch operated a total of 309 stores at the end of August, including 62 abercrombie stores and four Hollister Co. stores. The Company also operates a kids' e-commerce website at www.abercrombiekids.com , an adult e-commerce website at www.abercrombie.com and publishes the A&F Quarterly.
To hear Abercrombie & Fitch's prerecorded August sales message, call 1-800-642-1687 followed by the passcode 916244.
- SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
- OF 1995:
- The Company cautions that any forward-looking statements (as such term is
defined in the Private Securities Litigation Reform Act of 1995) contained in
this Release, the Company's Form 10-K or made by management of the Company
involve risks and uncertainties, and are subject to change based on various
important factors. The following factors, among others, in some cases have
affected and in the future could affect the Company's financial performance
and actual results and could cause actual results to differ materially from
those expressed or implied in any such forward-looking statements: change in
consumer spending patterns, consumer preferences and overall economic
conditions, the impact of competition and pricing, changes in weather
patterns, political stability, currency and exchange risks and changes in
existing or potential duties, tariffs or quotas, postal rate increases and
charges, paper and printing costs, availability of suitable store locations at
appropriate terms, ability to develop new merchandise and ability to hire and
train associates.
SOURCE: Abercrombie & Fitch