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REYNOLDSBURG, Ohio, Feb. 8 /PRNewswire/ -- Abercrombie & Fitch (NYSE: ANF) today reported net sales of $78.6 million for the five-week period ended February 3, 2001, as compared to net sales of $49.3 million for the four-week fiscal period ended January 29, 2000. Comparable store sales were flat for the five-week period compared with last year's comparable five-week period ending February 5, 2000.
For the year, the Company reported a net sales increase of 20% to $1.248 billion from $1.042 billion last year. Comparable store sales decreased 7% for the year versus an increase of 10% in fiscal 1999.
A lifestyle brand, Abercrombie & Fitch operated a total of 354 stores at the end of January, including 84 abercrombie stores and five 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 January sales message, please dial (800) 642-1687, followed by the passcode 429512.
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
CONTACT: Tom Lennox, Manager of Investor Relations and Corporate Communications of Abercrombie & Fitch, 614-577-6751/