×
7 637
Fashion Jobs
HEAD OFFICE
SEO Copywriter, Financial Services
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · HIGH WYCOMBE
JOHN LEWIS
Loss Prevention Partner
Permanent · KINGSTON UPON THAMES
JOHN LEWIS
Loss Prevention Partner
Permanent · READING
STRADIVARIUS
General Manager - Stradivarius Liffey
Permanent · DUBLIN
MULBERRY
Warehouse Operative
Permanent · SHEPTON MALLET
NEXT
Stock Coordinator - Hatfield Oldings
Permanent · HATFIELD
NEXT
Delivery Coordinator - Horsham
Permanent · HORSHAM
MASSIMO DUTTI
Massimo Dutti Central London - General Manager
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Boots, Uxbridge - 5.5 Hours/Week - Part Time, Permanent
Permanent · Uxbridge
ESTEE LAUDER
Clinique - Consultant - Boots Bon Accord, Aberdeen - 15 Hours - Part Time, Permanent
Permanent · Aberdeen
SELFRIDGES
Stock Operative- Full Time - Menswear
Permanent · BIRMINGHAM
URBN
Urban Outfitters Buying Coordinator - London, UK
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor - New Store
Permanent · DERBY
GAME
Assistant Trade Marketing Manager
Permanent · BASINGSTOKE
MULBERRY
Digital Stock Operative
Permanent ·
JOHN LEWIS
Loss Prevention Partner
Permanent · HIGH WYCOMBE
JOHN LEWIS
Loss Prevention Partner
Permanent · READING
JOHN LEWIS
Loss Prevention Partner
Permanent · KINGSTON UPON THAMES
HEAD OFFICE
Buyer l7
Permanent · BRACKNELL
SUPERDRY
CRM Executive
Permanent · CHELTENHAM
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · ST HELENS
By
Reuters
Published
Mar 4, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Abercrombie & Fitch sees further fall in sales of logo-focused clothes

By
Reuters
Published
Mar 4, 2015

Teen apparel retailer Abercrombie & Fitch Co said the factors that led to a drop in sales in the fourth quarter - a strong dollar and weak demand for clothing featuring its name and logo - would persist in the first half of its fiscal year.

Shares of the company, which reported lower-than-expected sales for the third straight quarter on Wednesday, fell 8 percent to $22.08 in premarket trading.
Abercrombie, once a teen favorite, is struggling to revive sales of its namesake and Hollister brands and focus less on its logo-centric clothing.

All Rights Reserved


Teen apparel retailers such as Abercrombie, American Eagle Outfitters Inc and Aeropostale Inc have suffered as young American shoppers shift to trendier and cheaper offerings from "fast fashion" chains such as Forever 21, Inditex's Zara and H&M.

Abercrombie has been launching new styles in denim and floral prints for women, but low mall traffic has made it difficult for the company to show off its new assortment.

The company said it expects "the negative impact from reduced logo sales to modestly abate in the first half of the fiscal year and neutralize in the second half."

The strong dollar would offset benefits from cost cuts, Abercrombie said. About a third of its revenue is generated outside the United States.

Total comparable sales fell 10 percent in the fourth quarter ended Jan. 31, more than the 8.2 percent decline analysts polled by research firm Consensus Metrix were expecting.

Net sales slid 14 percent to $1.12 billion, while net income fell to $44.4 million, or 63 cents per share. Excluding items, the company earned $1.15 per share.
Analysts on average were expecting a profit of $1.15 per share on revenue of $1.17 billion, according to Thomson Reuters I/B/E/S.

$1 = £0.66

© Thomson Reuters 2022 All rights reserved.