n">Teen apparel retailer Abercrombie & Fitch Co reported a 58 percent fall in quarterly profit as it struggles to keep up with the tastes of young shoppers. Abercrombie's net income fell to $66.1 million, or 85 cents per share, for the fourth quarter ended February 1 from $157.2 million, or $1.95 per share, a year earlier.

Excluding restructuring and other charges, the company earned of $1.34 per share.

Revenue fell 12 percent to $1.30 billion.