Abercrombie & Fitch Reports November Sales Results

12/06/01

NEW ALBANY, Ohio, Dec 6, 2001 /PRNewswire/ -- Abercrombie & Fitch (NYSE: ANF) today reported net sales of $152.7 million for the four-week period ended December 1, 2001, versus last year's net sales for November of $118.4 million. Comparable store sales decreased 5% for the four-week period compared with last year's comparable four-week period ending December 2, 2000.

Year-to-date, the Company reported a net sales increase of 15% to $1.051 billion from $916.6 million last year. Comparable store sales were down 8% for the year-to-date period.

Based on November's results, the Company is comfortable with the First Call consensus fourth quarter earnings estimate of $0.70 per fully diluted share.

A lifestyle brand, Abercrombie & Fitch operated a total of 483 stores at the end of fiscal November, including 143 abercrombie stores and 32 Hollister Co. stores. The Company also operates an adult e-commerce website at www.abercrombie.com , a kids' e-commerce website at www.abercrombiekids.com and publishes the A&F Quarterly.

To hear Abercrombie & Fitch's prerecorded November sales message, please dial (800) 642-1687, followed by the conference identification number 135609.

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, Senior Manager of Investor Relations and Corporate
                  Communications of Abercrombie & Fitch, +1-614-283-6751

URL:              http://www.abercrombie.com

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