Home / Knowledge / News / Apparel/Garments / Abercrombie & Fitch declares quarterly dividend of $0.20
Abercrombie & Fitch declares quarterly dividend of $0.20
27
Nov '14
Mike Jeffries led apparel retailer Abercrombie & Fitch has announced that the company’s Board of Directors has approved a quarterly dividend for holders of the company’s common shares in the amount of $0.20 per common share. The dividend will be paid on December 10, 2014 to shareholders of record at the close of business on December 2, 2014.

Net sales for the third quarter of 2014 for Abercrombie & Fitch went down 12 per cent to $911.4 million from 1.033 billion for the third quarter ended November 2, 2013.

Total comparable sales, including direct-to-consumer sales too declined 10 per cent with comparable US sales falling 7 per cent and comparable international sales dipping higher by 15 per cent.

However, total direct-to-consumer comparable sales bucked the trend and expanded by 8 per cent, compared with the year ago quarter.

Abercrombie & Fitch ended the third quarter of 2014 with inventory cost down 20 per cent, compared to the end of the prior year third quarter.

Abercrombie & Fitch Co is a leading global specialty retailer of high-quality, casual apparel for men, women and kids with an active, youthful lifestyle under its Abercrombie & Fitch, Abercrombie kids, Hollister Co. and Gilly Hicks brands. At the end of the third quarter of fiscal 2014, the company operated 834 stores in the United States and 166 stores across Canada, Europe, Asia, Australia and the Middle East. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search